{"id":777,"date":"2020-09-27T12:40:02","date_gmt":"2020-09-27T12:40:02","guid":{"rendered":"https:\/\/robdix.com\/?p=777"},"modified":"2020-09-27T12:40:03","modified_gmt":"2020-09-27T12:40:03","slug":"ignore","status":"publish","type":"post","link":"https:\/\/robdix.com\/ignore\/","title":{"rendered":"Why you can ignore 95% of what you hear about investing"},"content":{"rendered":"\n

I got into cycling about a year ago. I\u2019ve been riding every week and have completed a 100km event, but I still know almost nothing about bikes.<\/p>\n\n\n\n

\u201cProper\u201d cyclists talk in a practically foreign language about gear ratios, chainset setup and output wattage. But to enjoy the benefits of cycling, you just need to point it in the right direction and turn the pedals \u2013 then train yourself to go gradually faster and further over time.<\/p>\n\n\n\n

Investing is no different. \u201cProper\u201d investors talk in a practically foreign language about PEG ratios, support\/resistance levels and precise allocations between assets. But to enjoy the benefits of investing, you just need to keep putting money into a diversified product and wait.<\/p>\n\n\n\n

It\u2019s intimidating to be a newcomer to either of these fields \u2013 or countless others \u2013 because you assume that if everyone is talking about these highly complex and specialist things, they must be important.<\/p>\n\n\n\n

But here\u2019s the secret: most of the people writing about any topic are, by definition, true enthusiasts. They love the extreme detail: there wouldn\u2019t be much for cyclists to talk about if all they said was \u201cI pointed my bike in such-and-such a direction and turned the pedals for a couple of hours last weekend\u201d.<\/p>\n\n\n\n

Does any of the detail make a difference? Eventually, yes. If you\u2019re a Tour de France contender, making a minor adjustment to add 1% to the efficiency of your pedal stroke could give you the edge you need to win. Similarly for investors, little tweaks to your asset allocation might give you a portfolio that performs a bit better in good years and suffers a little less in bad ones.<\/p>\n\n\n\n

But until you get to a pretty advanced level, it doesn\u2019t mean anything. And it\u2019s actively unhelpful if it intimidates you and stops you from doing the basics that make 99% of the difference: consistently turning the pedals, literally or metaphorically.<\/p>\n","protected":false},"excerpt":{"rendered":"

Don’t understand the majority of what you read or hear about investing? Don’t worry \u2013 you’re not missing anything…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nWhy you can ignore 95% of what you hear about investing - Rob Dix<\/title>\n<meta name=\"description\" content=\"Don't understand the majority of what you read or hear about investing? 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