About 6 years ago, I attended my first Dimensional Fund Advisors conference and they gave me an unforgettable piece of advice.
I had a keen interest in investing and had been managing investment portfolios trying to predict which turn the stock market would take next. I had been running myself ragged trying to achieve the best investment returns for my clients.
But, like many people new to investment portfolio management, I was making a lot of mistakes: trying to time the market, running relatively high cost portfolios, being overconfident in my own ability to pick the next best performing fund.
Until I attended the Dimensional conference, where they said:
"Don't try to outguess the market, Resist Chasing Past Performance, Let the Markets work for you, manage your emotions, focus on what you can control"
That day, my whole life changed. My investment philosophy is now based on a far more robust strategy that is academically driven and based on evidence. I passionately believe that this helps my clients have a better investment experience and increases the likelihood of them achieving their financial objectives.
This post should not be construed as financial advice. You should seek professional advice tailored to your own personal financial position.