This popped into the garages inbox over the w/end.
Apparently if your an FA based trader the big 'greens' only arrive after you 'cark' it , f... me
US investment firm Fidelity found a similar result when they analysed the top performing client accounts. Those that delivered the best results -- by a considerable margin -- were inactive accounts (either the client had died or had forgotten they had an account!).
Transaction costs were a part of the reason, but mainly it was because investors are an impatient lot. As Charlie Munger said:
"It's the waiting that really helps you as an investor, and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that."
All good things to those that wait.
Frank hissed from his fresh straw this morning; 'another reason for all trades to come 'across the log' boys. impatience is a default setting in your highly flawed DNA, complete bunch of tossers'
Little bloke added in summation; "trade well forum, know your prey and let it come to you, if ya have not got a top flight reptile heading up strategy well ..... just do the best ya can, god luv ya"
