The hardest part of investing is doing nothing
The biggest problem that investors have is they can’t sit on their bottoms and do nothing. To set an investment goal, construct a portfolio, and then, sit still.
This struck me after going to last week’s Morningstar Investor Conference in Sydney. Experts spoke on a range of topics, primarily macroeconomics and asset allocation. Views expressed included bonds offering both income and value, equities being overvalued, and interest rates likely staying higher for longer. These views provided insights into the current investment climate.
I wonder what investors do with this information. It might get them to take a view that bonds do offer good value and that they should be buying them. Or that they should reduce their equity holdings in…
