Every dollar is equal in value – at least until it is held by an individual. Each person is riven with emotions, desires and goals that change their perceptions about the value of money. They place it in buckets, often based on the source of the money and its intended use. It’s a process also known as ‘mental accounting’ and the ways it can work against investors are well known.
- Portfolio Insights August 2019 – Weighing the price of the illiquidity premium
- Portfolio Insights July 2019 – Economies and markets aren’t as closely linked as we often think
- September 19 Quarterly Outlook
- Portfolio Insights June 2019 – Has the royal commission made the quality of advice worse?
- Portfolio Insights May 2019 – The misunderstood role of risk tolerance