I recently had the good fortune to meet Joe Mansueto, the Founder, and now Global Chairman and CEO of Morningstar, Inc. I was extremely impressed by his mission statement for Morningstar: "Helping investors achieve better outcomes". The official interview was published in the June issue of Benchmark magazine, but here I just wanted to share a few of my own thoughts of how he has inspired me.
Investing doesn't have to be hard
It seems to me that many people do not have the time nor the inclination to wade through the masses of information that there is on the topic of investments. Many simply dismiss investments in its entirety, thinking that it is "too difficult" - then put all their hard earned cash into bank deposits earning next to nothing, or are seduced by the potentially higher returns on structured products, without fully understanding the risks they are taking with their money (and we all know how that has turned out for investors in the Lehman-backed bonds). Others recognise that to earn some returns, they must take some risk. However, the trading mentality of some investors mean that they are actually taking on more risk than they need to - for a less than commensurate return.
But the fundamental principles of investing are not all that complicated, and once understood, can help investors earn their peace of mind, as well as decent, steady returns.
How can I help?
I thought back to Mansueto's mantra of "helping investors achieve better outcomes", a worthy goal indeed, and one that I think I could help contribute to, in some small way, by writing about what I know.
If you have any questions about investments you would like to see covered in these pages: Where to start? What to read? How to implement?
Please feel free to contact me with suggestions.
Email: jo_nhan@hotmail.com
Friday, 17 June 2011
Wednesday, 15 June 2011
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