by Daniel Busman | Jul 17, 2024 | Weekly Wisdom
What should you know? When taking action or starting something new, the first step is often the hardest. The Norwegians have a great term for this – “dørstokmilla”, which translates to “the doorstep mile”. It represents the psychological threshold you must...
by Daniel Busman | Jul 17, 2024 | Weekly Wisdom
What should you know? When planning for retirement, there are only two types of people: those who will run out of money in old age, and those who won’t. Everyone wants to be in the latter group, but many do not do much about it, until it’s too late. The time...
by Daniel Busman | Jul 17, 2024 | Investing, Weekly Wisdom
What should you know? We know turbulence is a normal part of the investment journey. Using history as our guide, you can expect to see your investments temporarily drop in value by 10% or more roughly every year and by as much as 50% once a decade. It is one thing...
by Daniel Busman | Jul 17, 2024 | Investing, Weekly Wisdom
What should you know? Lifeboat drills are performed on boats to familiarise the crew and passengers both practically and physiologically on what to do if there is an emergency. Importantly, they are conducted in port before the ship sets sail, not in the eye of the...
by Daniel Busman | Jul 17, 2024 | Investing, Weekly Wisdom
What should you know? A “Bag of Spanners” is a British term defined by the Urban Dictionary as: “A product, device or service that appears to work, but when you look deeper turns out to be a collection of badly thought out and badly implemented ideas that is going...
by Daniel Busman | Jul 17, 2024 | Investing, Weekly Wisdom
What should you know? Every year there are ‘winners’ and ‘losers’ in the world of investing. This applies to individual companies, regions, industry sectors, and the stock markets of different countries. The chart below shows 20 years of annual returns in 22...
