Tag Archive: wealth

Sep 20

Banker’s pay – the maths just don’t add up

Banker Pay – the mathematical truth behind the ‘pay for performance’ rip-off In this excellent and amusing article by the folks at Ripped-Off Britons (from the Guardian) they explore the mathematics behind bankers pay and performance. In truth bankers pay themselves so well because they can. The arguments about talent are weak. Senior bankers spend …

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Sep 03

What Portfolio turnover is and why it’s costing you dearly

Many investors have not heard of portfolio turnover, but it’s much loved by stockbrokers, fund managers and bankers. Portfolio turnover is the frequency with which assets within a portfolio are bought and sold. Given that it costs you each timeĀ somethingĀ is bought or sold and it has a big impact on your overall return, you should …

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