By delegating the management of your money to a third party (either a fund manager or a discretionary portfolio manager) do not make the mistake of assuming they will be in control of their emotions any more than you are. Do your homework. ...

I spent a good chunk of December on a sun lounger by a pool, so needless to say I got a lot of reading done. Unusually this month I read more fiction than non-fiction, but then escapism is what being on holiday is all...

If investors have a disciplined and robust investment process, backed up by a financial plan which informs their investment strategy, so that they understand exactly WHY they own the investments they own, and the purpose their portfolio serves in helping them to achieve their goals...