If you’ve ever tried to work out how much money you need to retire, you’ve probably bumped into a strangely tidy number: 25 times your annual expenses. Save up that much, the argument goes, and you can spend roughly 4% of it each year for the rest of your life without running out of money….
There’s a strange psychological barrier between knowing your investment platform is too expensive and actually doing something about it. People will read article after article comparing fees, work out that they’re paying hundreds or thousands of pounds a year more than they need to, and then quietly do nothing about it. The reason is almost…
There’s a financial decision that almost every UK employee has access to, that pays a guaranteed return measured in tens of percent, that’s protected from tax in both directions, and that takes about ten minutes to optimise. And yet most people, when asked about it, say something vague along the lines of “I think I’m…
The word diversification gets used in finance more often than it gets defined. People nod when they hear it, intuit that it’s something to do with not putting all your eggs in one basket, and move on. The actual mechanics of how diversification protects you, how much you need, and how easy it is to…
