Something Useful

Once the penny has dropped that money can earn a living if you don’t kill it, the question of what job to get it remains. Quality Financial Advice costs at least as much as a good therapist, because they are very similar. The advisor’s key job is to understand you, your goals, your skills, and your quirks. Generic advice is cheaper or free, but then you take full responsibility. Get your money a job. Don’t chase your tail. Stick to the plan. Two big risks are Churn (the grass is always greener) and Complexity (tax and legal structures to “optimise”). My preference is to keep it simple. There are no Gods of investing. Just pick someone who is doing something you understand. There are fact sheets, commentaries, and websites. The 4Ps of Due Diligence on Funds are People, Process, Performance, and Price. You are looking for consistency, reliability, stability, and trustworthiness. Stay curious and dig a little when something concerns you. Mostly, the advantage of building an Engine is that the key ingredient is time. Crack on with what it is that really floats your boat, and let your money build value. The most important thing is the simplest. Is your money doing something useful?

Keep it Simple