Welcome to my column, Young & Invested, where I discuss personal finance and investing for Gen Z and Millennials.

This column aims to be a resource for young investors navigating an ever changing financial, political and social landscape as they try to build wealth. Tune in every Thursday for the latest edition.

Edition 72

The financial industry is never short on ideas about how investors might outperform the market. While some of these ideas are reasonable, others appear to exist purely to keep the brochure printers running – a noble contribution to the disappearance of trees.

Among these enduring proposals is the core-satellite approach to portfolio construction. This is often positioned (sometimes a little optimistically) as a way to…