by Stoffel | Jun 25, 2026 | Investing, Portfolio Management
“Buy and hold” is one of the most useful pieces of investing advice ever given. It keeps investors in the market through volatility, suppresses trading costs, and reduces the tax drag of short-term gains. But somewhere along the way, “buy and...
by Stoffel | Jun 18, 2026 | Investing
Bull markets are dangerous. Not because prices fall, but because they teach investors the wrong lesson. When everything goes up for a sustained stretch, timing starts to feel easy. Buy something, wait, watch it rise. Repeat. The discipline of when to invest starts to...
by Stoffel | Jun 11, 2026 | Biases, Investing
Most people believe they know their risk tolerance. They completed a questionnaire, answered questions about hypothetical market drops, chose a profile – conservative, moderate, aggressive – and moved on. The problem is that questionnaires measure what you think you...
by Stoffel | Jun 4, 2026 | Investing, Risk Premia
Paying a professional more to manage your money makes you statistically poorer. That is not a criticism of intelligence or effort. It is arithmetic; and the numbers, accumulated across decades and millions of investor accounts, are strikingly consistent. Most people...
by Stoffel | May 28, 2026 | Financial Literacy
Debt has a reputation problem. Mention it at a dinner table and you will hear one of two reactions: moral revulsion or dismissive shrugging. Both miss the point. Debt is a financial instrument and no more inherently virtuous or evil than a kitchen knife. The outcome...
