{"id":291,"date":"2015-04-28T07:36:18","date_gmt":"2015-04-28T14:36:18","guid":{"rendered":"https:\/\/chaltenadvisors.com\/blog\/?p=291"},"modified":"2015-04-28T07:36:18","modified_gmt":"2015-04-28T14:36:18","slug":"slow-and-steady-wins-the-race","status":"publish","type":"post","link":"https:\/\/chaltenadvisors.ca\/blog\/slow-and-steady-wins-the-race\/","title":{"rendered":"Slow and steady wins the race"},"content":{"rendered":"<figure id=\"attachment_292\" aria-describedby=\"caption-attachment-292\" style=\"width: 500px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/chaltenadvisors.ca\/blog\/wp-content\/uploads\/2015\/04\/Slow-and-steady-wins-the-race.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-292 size-full\" src=\"https:\/\/chaltenadvisors.ca\/blog\/wp-content\/uploads\/2015\/04\/Slow-and-steady-wins-the-race.jpg\" alt=\"Slow and steady wins the race\" width=\"500\" height=\"375\" srcset=\"https:\/\/chaltenadvisors.ca\/blog\/wp-content\/uploads\/2015\/04\/Slow-and-steady-wins-the-race.jpg 500w, https:\/\/chaltenadvisors.ca\/blog\/wp-content\/uploads\/2015\/04\/Slow-and-steady-wins-the-race-300x225.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-292\" class=\"wp-caption-text\"><em>Slow and steady wins the race<\/em><\/figcaption><\/figure>\n<p>Investment success\u00a0requires patience and discipline.\u00a0It requires a long time horizon. \u00a0It requires a well thought out strategy executed methodically and dispassionately.\u00a0 It should feel boring. \u00a0Slow and steady.<\/p>\n<p>Too often people get distracted from staying the course. \u00a0Catchy\u00a0headlines, persuasive forecasters, clever marketing from fund management companies, anecdotal evidence of investment success from friends and colleagues &#8211; all these things are distractions. \u00a0Distractions can be\u00a0costly because they can steer you off course. \u00a0Don&#8217;t be distracted. \u00a0Slow and steady.<\/p>\n<p>It&#8217;s possible to beat the market by picking stocks or calling market fluctuations over\u00a0a short period of time. \u00a0But\u00a0that is not investing, that is speculating, more akin to gambling than investing, with\u00a0success \u00a0more likely due to luck than skill. \u00a0Be an investor, not a speculator. \u00a0Slow and steady.<\/p>\n<p>Investing is science, not\u00a0art. \u00a0The <a href=\"http:\/\/www.chaltenadvisors.com\/evidence-based-philosophy.html\" target=\"_blank\">evidence<\/a> is clear and compelling:<\/p>\n<ul>\n<li>Return\u00a0is\u00a0related to risk.<\/li>\n<li>Trying to beat the market by picking outperforming stocks or trying to time the market underperforms a disciplined buy and hold strategy over the long run.<\/li>\n<li>Portfolios need to be well diversified.<\/li>\n<li>Asset allocation should be driven by risk tolerance.<\/li>\n<li>Trading should be done only as part of a disciplined re-balancing strategy.<\/li>\n<li>Costs are negatively correlated with investment performance so need to be kept low.<\/li>\n<\/ul>\n<p>Slow and steady.<\/p>\n<p>Please <a href=\"https:\/\/chaltenadvisors.ca\/blog\/subscribe\/\" target=\"_blank\"><em>Subscribe to the Chalten Blog<\/em><\/a> to have it delivered directly to your inbox.<\/p>\n<p>Please take our <em><a href=\"https:\/\/www.pocketrisk.com\/embedded_clients\/new?account_id=510&amp;embed_token=54d7ad\" target=\"_blank\">Free Risk Questionnaire<\/a>\u00a0<\/em>to get your own personal risk report.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment success\u00a0requires patience and discipline.\u00a0It requires a long time horizon. \u00a0It requires a well thought out strategy executed methodically and dispassionately.\u00a0 It should feel boring. \u00a0Slow and steady. Too often people get distracted from staying the course. \u00a0Catchy\u00a0headlines, persuasive forecasters, clever marketing from fund management companies, anecdotal evidence of investment success from friends and colleagues <a class=\"read-more\" href=\"https:\/\/chaltenadvisors.ca\/blog\/slow-and-steady-wins-the-race\/\">[&hellip;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10,7],"tags":[],"class_list":["post-291","post","type-post","status-publish","format-standard","hentry","category-all-posts","category-evidence-based-approach","category-graham-bodel-posts"],"_links":{"self":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":3,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":295,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/295"}],"wp:attachment":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}