WORLDVIEW: New study proves widely used investment tool damages wealth creation

It’s no surprise investment professionals enjoy creating new tools which they claim delivers an advantage (with the benefit of also helping justify their fees).
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Every investor seeks for an edge. Doubly so for those advising them – the notorious "helpers" and "super helpers" as Warren Buffett calls them. So it's no surprise investment professionals enjoy creating new tools which they claim delivers an advantage (with the benefit of also helping justify their fees).

Buffett believes in keeping things simple, for instance by investing in a low-fee index tracker rather than actively managed unit trusts. His approach has a lot to recommend it: managing your own money delivers the peace of mind that always flows from better understanding. Also, sticking with the basics often delivers superior returns.

My Biznews colleague Jackie Cameron recently came across results of research supporting this keep-it-simple approach.

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