Consistent little wins creates wealth (#495)
WorldWide Markets with Simon Brown · JustOneLap.com
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
- Results are pouring in, food producers are struggling.
- Coronation (JSE code: CML) results with DY of over 10% and PE ±9X.
- Snap Inc (NYSE code: SNAP) profit warning. It now trades at half its listing price.
- Current under recovery in petrol price is 236c, + the 150c fuel levy suspension means we could see a 386c increase in June to over R25 a litre!
- What's your fav ETF? We ask our readers, Rochelle is first up and likes an offshore ETF with a monthly dividend payment of almost 1%.
- Hello Eskom, best budget power banks.
Investors and traders love big winners. That 10 bagger that happens in a matter of months or maybe a few years. But by consistently hunting for those big winners we're taking larger risks.
We're better off aiming for the modest winners.
Beating your benchmark by 2% a year sees you with almost 50% more after twenty years.
A recent Planet Money Podcast, Investing in mediocrity, talks about a fund manager who only ever aimed to be in the top third of all funds. After a decade of succeeding at that, they were the top fund over ten years.