Bulls, Bears & a Croupier: The insider's guide to profiting from the Australian stockmarket

Part V: Are professionals better?

Over the last 30 years the growth of Australia’s superannuation pool — now surging past the trillion dollar mark — has created a significant industry of well-heeled money managers. Despite a relatively small local economy, the Australian savings industry is the fourth largest in the world and a hot bed for management fees. Are professionals worth their fees and can individuals outperform them? In this section we will attempt to answer these questions.

Chapter 21: Professional versus punter

In my thousands of conversations with investors over the years, two primary reasons have been put forward as to why they have entrusted their money to professional managers. The first is that they simply don’t have ...