How do you make a small fortune by gambling on the stock market? Start with a large one.
There is an almost overwhelming urge in all of us to do what is instinctively, obviously & intuitively correct, and often that urge can save our lives in a crisis. With long term investment though, things are a little different. Sure, sometimes our urge to action pays off, but more often than not that voice telling you to sell or buy NOW will badly let you down. Here, Jim Parker, Vice President at Dimensional Fund Advisors provides his view of how best to react to an investment crisis, using Brexit as his example. There will be little surprise that in relation to actions to take with a well diversified portfolio during a crisis; the one word summary is 'don't'.
by John Stirling
How do you make a small fortune by gambling on the stock market? Start with a large one.