How to avoid financial advice ‘porn’

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Mark Lee interviews financial guru, Saul Djanogly who has some unorthodox views about financial advice that may resonate with accountants.

ML: I know you like working with accountants Saul. What is it that they seem to find of interest?

SD: I think it stems from a shared interest in the numbers...

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24th Jul 2013 13:56

Err 'unorthodox' views ...

I read Mark's interview with Saul with interest after 15+ years in retail marketing in the asset management industry; now I know that I've been out of the marketing game for 10 years but I think the tenet still holds true that over the medium to long term, 'active' stockmarket investment generates greater returns that building society accounts and 'passive' tracker funds! I can feel some bedtime research and reading coming on!  Can AccountingWEB or Saul back up his statement?  'Better value for money' is one thing but a superior return on a client's money is another.

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26th Jul 2013 06:51

@Catherine - Thanks for your comments

Saul tells me that there is a great deal of industry and academic research which he says demonstrates convincingly that actively managed funds have in the past tended on average to under-perform their benchmarks and also to under-perform low-cost passive funds targeting the same benchmark.

I think he may share more on his perspective in his webinar at: www.costeffectiveinvestor.com

Mark

 

 

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