Robin Powell
@RobinJPowell
Followers
23,935
Following
14,603
Media
8,992
Statuses
56,389
Journalist, producer and content marketing consultant, working to change financial services for the better 🇬🇧🇺🇸
English Midlands
Joined February 2010
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
バニーの日
• 333421 Tweets
#MyLoveMixUpTHep9
• 258357 Tweets
STEP DOWN FASCIST HASINA
• 134882 Tweets
Hugo
• 124562 Tweets
Kyle
• 85146 Tweets
ヒロアカ
• 71188 Tweets
#MisteryosoCOJJJ
• 63665 Tweets
#CupOfJhoAtMisteryosoMV
• 56656 Tweets
JHOANNA NGITING MISTERYOSO
• 55877 Tweets
長岡花火
• 52996 Tweets
Supreme God Kabir
• 51965 Tweets
パンツの日
• 45813 Tweets
Osmar Olvera
• 31269 Tweets
雇用統計
• 30561 Tweets
Emile
• 25979 Tweets
Sueco
• 25531 Tweets
角田大河
• 24492 Tweets
#笑うマトリョーシカ
• 23464 Tweets
ping pong
• 21841 Tweets
逆バニー
• 20633 Tweets
Fulham
• 20389 Tweets
ジュリオ
• 17882 Tweets
#ساعه_استجابه
• 17246 Tweets
Ron Paul
• 15064 Tweets
Juan Manuel Celaya
• 14442 Tweets
フェニックス
• 12142 Tweets
Pezzella
• 12009 Tweets
Pinned Tweet
Defaqto analysed the returns of 261 portfolios used by UK advisers over the 3-year period to 31st May. 9 of the top 10 were passive.
The average return was 10.19%. The best performer, Timeline Tracker 100, returned 29.14% 👇
@Timeline_Tech
#Investing
2
5
7
We keep hearing the phrase, "the will of the British people". Here's a breakdown of the
#Brexit
referendum result
54
122
146
Hedge fund manager James Simons earned $4,657,534 *per day* in 2017. That's about £3,531,528, or almost €4 million. Per day. All three of his funds comfortably underperformed the S&P 500. That's how crazy this industry is
11
102
154
None of the investment portfolios run by the leading 60 US university endowments have outperformed a basic equity index fund over the past decade. That’s ZERO out of SIXTY
@CharlesSkorina
@chrisflood_FTfm
#EvidenceInvesting
18
52
135
5
57
120
Jack
#Bogle
has saved Vanguard investors $175 BILLION over the last 45 years. Add to that the money he saved for customers of other firms who lowered their fees to compete with VG, and the total must be in the trillions. Quite a legacy
@Neil_Irwin
Vanguard has saved investors $175 billion in fees since it was founded in 1974. This is based on the historical difference between the asset-weighted average expense ratio of an active mutual fund versus that of a Vanguard fund.
5
31
95
5
40
119
This was the defining moment of my year — being asked to leave an adviser conference after my presentation "upset the sponsors"
#EvidenceInvesting
19
35
103
"You can pay 0.03 per cent in annual fees to Vanguard for a fund linked to the S&P 500, which has returned 45% in five years. Or you could pay roughly 30 (THIRTY) times more for Mr Woodford’s flagship fund, which has fallen 1% in the same period"
7
31
98
If you want to succeed at investing, these are the seven things Jack Bogle says you need to remember
2
48
75
Warren
#Buffett
yesterday: “In my view, for most people, the best thing is to do is owning the S&P 500 index fund. There are huge amounts of money people pay for advice they really don't need”
#Investing
7
37
98
Josh Brown: Why today's adviser has no option but to be evidence-based
@ReformedBroker
#EvidenceInvesting
2
15
81
What is it with sports stars? Had he simply put his prize money in a global equity index fund, he & his loved ones were set up for life
Boris Becker 'invested in Nigerian oil firms that plunged in value', before losing £100m fortune
36
37
35
18
43
76
Here's a great explanation of how compounding from
#investing
is huge, but you won't see the benefits for long time. It’s not until 35 or 40 years of saving that it finally begins to overwhelm the amount saved
@awealthofcs
0
22
84
Same old story. Fund manager outperforms and is anointed as a star, so investors pile in. The manager reverts to the mean, and investors pile out again, locking in their losses relative to the index. The only winners are Woodford himself and brokers like Hargreaves Lansdown
11
32
75
#AVFC
season tickets renewed for another year. Whatever the division, we'll be there
@AVFCOfficial
#PartOfThePride
2
9
73
Wow. Out of 1,034 US large-cap funds, not a single one has managed to beat the S&P 500 three years in a row
@SPDJIndices
2
57
68
Ritholtz Wealth Management is one of the fastest growing advice firms in the United States — and it's not yet five years old. This is how it got there
@ReformedBroker
@ritholtz
0
9
67
A whole profession paid for accomplishing practically nothing — Charlie Munger’s scathing assessment of active fund management
#FundManagement
1
26
63
We did it!
Thank you to everyone who’s read our book.. and helped us spread the word about evidence-based investing and proper financial planning.
Let’s change
#Investing
for the better 💪
#How2Fund
How to Fund the Life You Want takes home the Work & Life Award. Congratulations
@RobinJPowell
and
@jphollow
! 🥳
#BBA2023
1
4
16
11
12
79
The waiting is finally over.. Invest Your Way to Financial Freedom is published today.
Thanks to
@harrimanhouse
and my co-author Ben Carlson for all your hard work.. This book will change lives for the better.
@awealthofcs
#Investing
#Pensions
#FIRE
10
14
75
A warning to my fellow journalists tempted to run this "story": it's complete claptrap, and totally at odds with the peer-reviewed academic evidence. Happy to explain if you want to get in touch.
Actively-managed funds significantly outperform passives, says Willis Owen
3
0
2
3
15
61
It sounds like a joke, but it isn’t.
US large-cap equity managers would have delivered higher returns over the last ten years if they’d been on holiday the entire time and not placed a single trade.
#Investing
#Stocks
#ActiveManagement
@syouth1
2
16
69
A reminder of the PR onslaught that persuaded hundreds of thousands of people to invest money in the
#Woodford
Equity Income fund
#HargreavesLansdown
10
31
55
I suppose it was inevitable, but I’ve finally been blocked by Mark Dampier, the former head of “research” at
#HargreavesLansdown
who became a multi-millionaire off the back of promoting fund managers like Neil
#Woodford
😏
16
5
54
"Every piece of financial news you read should be filtered by asking the question, 'Will I still care about this in a year? Five years? Ten years?'"
@morganhousel
1
22
55
😫Just seen a case of an investor advised in 2013 by a large advice chain to spread their money over more than 20 active funds. The client made £70k; if they'd invested in a simple index fund portfolio they would have made about £240k. That's how much bad advice costs.
12
15
57
5 years ago, you could have bought a global equity index tracker (yellow line), or followed the advice of Hargreaves Lansdown and many pundits, consultants and advisers and invested in the Woodford Equity Income fund (black line). The market return is always there for the taking.
6
25
51
Most people outside the West Midlands won't have heard of Ed Doolan. But for those of us who live and work here, he was a radio legend — a first-rate consumer journalist who spoke truth to power.
Thanks, Ed, for standing up for us!
#EdDoolan
#Birmingham
It is with great sadness that we have to announce the passing of our friend and broadcaster Ed Doolan.
Our thoughts are with his wife Chrissy and his family. Rest in Peace Ed.
147
338
773
2
22
39
“Nothing in life is as important as you think it is while you are thinking about it.” Daniel Kahneman
Great post by Joe Wiggins on how investors get far too worried about things they probably won’t even remember in a few months’ time
#BehahviouralFinance
2
19
50
Younger investors are less willing to rely on instinct than the older generation. They want evidence
@ReformedBroker
6
16
48
If Mark Dampier and his colleagues in the
#HargreavesLansdown
"research" department really could identify winning fund managers in advance, you would expect the HL's flagship Multi-Manager fund to have trounced the global equity index. In fact the opposite has happened
10
20
51
Beware of anyone claiming they can capture the upside of market volatility and avoid the downside. It pushes all our emotional buttons but it's an illusion
@Ritholtz
#Investing
#Markets
3
16
50
Sadly, this is how many people view the financial advice profession today. The good news is, there’s a growing number of evidence-based, fiduciary advisers who genuinely do put their clients’ interests ahead of their own
@ST_Money
#FinancialAdvice
6
19
56
"Constructing a good enough portfolio isn’t nearly as difficult as the
#investment
industry often makes it out to be, but overseeing our portfolio while managing our emotions is probably still harder than we give it credit for."
@MichaelBatnick
0
18
50
The ugly truth about much of the
#investing
industry: "Whether they are trying to sell you a product, or get you to watch, listen or click on something, the giant bullshit industrial complex is working against you"
@ritholtz
0
12
49
The sad thing is the Telegraph used to have one of the better money sections. Ever since it launched a joint "financial advice" business with St James's Place Wealth Management it's been churning out misleading nonsense like this
#SJP
#Investing
11
11
46
The oldest trick in the book. Underperforming funds? Simply shut them down or merge them with other funds. The secret is to ensure there are just enough funds outperforming at any one time to maintain the illusion of skill
3
24
45
When a fund manager earns £16.6 million a year for underperforming a simple index tracker, is it any wonder that investors are deserting
#ActiveManagement
in their droves?
@siobhan_riding
6
16
43
“There is nothing wrong with being rich. But there is quite a lot wrong with ostentatious displays of wealth if your success is being funded by clients who may have little understanding of the true cost of what you’re charging them.”
@jimconey
5
21
51
If you still don't have any retirement savings at 40, the last thing you want to be doing is buying individual stocks
No savings at 40? I’d buy these 2 FTSE 100 dividend stocks to beat the State Pension
0
0
2
6
8
49
A candid interview with the world’s most famous investor, in which he acknowledges how hard it now is for active stockpickers to beat the market. $1 invested in Berkshire Hathaway 10 years ago is worth about $2.40; the same dollar in an S&P 500 tracker fund is worth $3.20.
7
25
46
Ever wondered why so few financial professionals advocate indexing?
@RockWealthUK
#Investing
2
13
48
This is simply untrue. The data shows, time and again, that investors are no better off in active funds than they are in passive funds when markets fall. In many cases they’re considerably worse off
#EvidenceInvesting
Active managers better at managing downside - some good comment from Richard Ivers, whose Prime Value Emerging Opportunities Fund tops its peers for recent performance:
1
0
0
2
14
43
Financial advisers don’t manage money, they manage people. That’s why behavioural coaching is arguably the most important aspect of their job description
@MetisIreland
@RegisMedia
(Video 5 of 5)
#ValueOfAdvice
4
6
45
Just heard from an adviser who was was approached by a consolidator about buying his firm. When he told them he was evidence-based, fixed-fee and fiduciary, they told him they were no longer interested. I wonder what clients would make of that 🤔
5
6
47
At this time of year, stock market forecasts abound. They shouldn't be taken seriously
#EvidenceInvesting
2
31
40
Depressing to see so many tips for active funds in the newspapers today 😞 Have we learned nothing from
#Woodford
? Readers need to be told that they’ll almost certainly achieve better results by indexing, at a tiny fraction of the cost
#EvidenceInvesting
7
11
46
The 10 US stocks least owned by actively managed mutual funds outperformed managers’ top 10 picks by a record-breaking 17% in 2019
@RobinWigg
@ftfm
0
22
46
Thank goodness is no longer just blogs like
#TEBI
that are warning consumers about this stuff, but the mainstream UK media as well
#Investing
7
23
44
Advice firm
@RitholtzWealth
introduced financial incentives to encourage investors to stay disciplined — and it's proving a win-win for the business and its clients
@ReformedBroker
@krisvenne
#BehaviouralFinance
4
7
47
The staggering cost of investing with St James’s Place and
#HargreavesLansdown
is spelled out in today’s Sunday Times
@AlihussainST
ST_Money
#SJP
10
24
41
“Dear Mr Powell. When it comes to your financial affairs, who do you trust?” Certainly not you!
5
6
38
Morningstar nails another myth about indexing. If anything, passive fund providers take corporate governance more seriously than active managers.. and their commitment to
#ESG
is growing
Morningstar Research shows passive fund providers are active shareholders
1
3
10
1
14
40
If active funds want to remain relevant, they have to cut their fees, and that includes reducing salaries. Paying managers £15-20 million a year for underperforming the market is completely unsustainable
@OwenWalker0
6
13
38
"This paper should finally stop
#ClimateChange
deniers claiming that the recent observed coherent global warming is part of a natural climate cycle.”
@ProfMarkMaslin
1
36
38
Sorry, but a “financial education” hub run by St James’s Place is not the right place for young people to go to for impartial information about
#money
and
#investing
St. James's Place has launched a financial education hub to help equip young people with the tools they need to take control of their money.
0
0
2
5
13
40
#SJP
advisers aren’t happy to be missing out on their luxury cruises. According to
@AlihussainST
in
@ST_Money
some are threatening to stop selling any more investments until they’re compensated
13
23
45
Eugene Fama on building a financial business today:
"Cut the staff down and go passive. I’ve been saying that to the university’s endowment for 50 years. They’ve never followed my advice, and it would be a much bigger endowment now if they had."
2
22
40
The problem with index funds, we’re often told, is that in a market rout they fall in line with the index. The problem with actively managed funds is that the vast majority fall further still
#Markets
#EvidenceInvesting
2
18
40
"Emotional intelligence has a much bigger impact on the success or failure of investors than where they went to school or how complex their investment strategy is"
@awealthofcs
2
5
37
Sensible advice here for young investors. I’ve just persuaded my student son to invest each month in a 100%-equity index tracker from
@Vanguard_UK
and forget all about it. He’ll thank me one day
@awealthofcs
5
4
36
Love this article. Of those investors who identify, in advance, the one fund in a hundred which will outperform long-term, most don't stick with it long enough to benefit. Even investors in Peter Lynch's Magellan fund lost money on average
@kirkchisholm
1
21
36
New research shows that North Americans households that use financial advisers achieve significantly better financial outcomes than those that don’t
@ebasilico
@alphaarchitect
#FinancialPlanning
4
8
39
If you haven't yet listened to Barry
@ritholtz
interviewing Richard Thaler last year, you should >
0
13
42
MP Johnny Mercer was paid £85,000 a year for four hours' work per week by a company which marketed a failed bond scheme that lost savers £236m
@JohnnyMercerUK
#LCS
12
50
37
Excellent graphic showing the failure of active managers around the world to outperform the index.. even over very short periods. The longer you invest for, the greater the likelihood of underperformance
@SPDJIndices
Hat tip
@mfgtas
#ActiveManagement
3
26
35
New data from
@MorningstarInc
suggests the case against active funds is getting even stronger
@JimGallagher14
0
0
24
Researchers at Oxford and Yale have discovered that physical fitness is more important to your
#MentalHealth
than how much money you make.
@derekberes
@bigthink
#Depression
1
14
34
.
@Freakonomics
has re-broadcast this excellent podcast on evidence-based
#investing
from last year. If you haven't yet done so, do yourself a favour and listen to it >
1
8
37
"The investment business is perhaps the only area of the economy that can rival health care in complexity, low quality, opacity and unreasonable cost"
@jasonzweigwsj
2
13
36
“Investors encouraged by Hargreaves to plough money into the
#Woodford
Equity Income fund on launch have lost £91 for every £10,000 put in, yet also forked out £455 in fees. Woodford pocketed £240 of that; Hargreaves creamed off the other £215”
Today's Money special on Woodford by
@AlihussainST
: The full cost of the “cosy” tie-up between Neil Woodford and Hargreaves Lansdown is laid bare.
3
1
7
9
21
38
I stayed on in the US after the Evidence-Based Investing Conference to interview Harry Markowitz. I'm so glad I did
@ritholtz
@ReformedBroker
@RitholtzWealth
#EvidenceInvesting
1
13
36
Charlie Munger: “Everywhere there’s a large commission, there’s a high probability of a rip-off.”
@ATeachMoment
#Investing
2
8
40
"There are so many smart people in the markets competing with each other second by second. Their intelligence cancels out, and the only edge that’s left for normal people is patience"
@michaelbatnick
@abnormalreturns
0
8
39
Most investors have never heard of Dimensional Fund Advisors, but it’s attracted more funds globally over the last 5 years than any other active manager. (It’s not, in my view, an active manager, but either way it’s a huge achievement)
#EvidenceInvesting
Dimensional was
#1
in active fund net sales globally in the last 5 years: what this tells us about the future of
#fund
management
#smartbeta
#ETF
0
0
2
3
10
37
Here's a classic example of misleading marketing from a well-known UK advice firm. The index returns shown are the capital return not the total return (i.e. including dividends), which in both cases is far higher.
@TheFCA
has got to get a grip on this
#Transparency
8
11
36
Funny how analysts tend to downgrade funds and remove them from "best buy" lists AFTER they've underperformed. It would be more helpful to flag their concerns BEFORE they flop, so investors could do something about it
#2020Hindsight
5
9
35
Huge achievement, richly deserved.
@ReformedBroker
has done more than anyone to educate consumers about evidence-based investing
Josh named
#1
advisor by
@investopedia
- very well deserved - nobody works harder for
@RitholtzWealth
clients
2
3
25
0
4
35
This may be the first bull market in history that featured layoffs on Wall Street
@ReformedBroker
1
12
33
Eight lessons for investors from Warren
#Buffett
. What a shame that most people never learn them
@RockWealthUK
#Investing
2
19
36
Last month Hargreaves Lansdown research director Mark Dampier was telling investors Neil
#Woodford
was about to turn the corner. At the same time he was selling £600k of HL shares, just before they plummeted in value
12
33
35
Does anyone reading these sorts of articles seriously think that tens of thousands of stock market traders haven't already had exactly the same idea?
1
9
36
Don’t ask big companies who sell annuities if you should own one
@ATeachMoment
via
@michaelbatnick
1
9
35