One pitfall of looking at investment performance in the rear-view mirror, is a tendency to gloss over bad times and focus on total return over the holding period. Invariably, the distress felt when markets do plummet is not fully imagined from historic data, especially when (as is the case with shares) past gains are impressive over the long term.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis