The best way to make money? Don’t lose it
The sagest piece of advice that Michael Korber, Head of Fixed income and Credit at Perpetual Investments, received went like this.
“It’s a lot easier to make money if you don’t lose money to begin with.”
While it may sound easy, in reality it’s something many retail and professional investors struggle with given the temptation to trade and chase what seems like the next best thing but often turns out to be a dud or wasn’t given the chance to grow. Investors in this situation eventually find that as the losses mount, the greater the return required in order to restore their initial capital. Here, Korber suggests why a better approach could be to own a diversified portfolio of high-quality investments, sit back, and let time do the work.
Make sense of the fixed income landscape
Fixed income in a portfolio can provide liquidity, regular income and diversify away from equity risk. Essentially, fixed income assets should provide some certainty and predictability, which can be the defensive anchor of a portfolio. Find out more here
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.
Featuring
Michael Korber,
Perpetual Asset Management (Australia)
Michael Korber is Managing Director, Credit & Fixed Income and is responsible for the ongoing strategic review and development of process, reviewing the weekly credit process and reviewing the analysis of all new credit securities. Michael joined Perpetual in August 2004.
Michael has over 39 years industry experience and prior to joining Perpetual worked as the first Head of Credit at Macquarie Funds Management, spending six years developing its credit investment processes and building the business from inception to over $7 billion in funds under management.
Prior to this, he spent seven years as Divisional Director in Corporate Banking and four years as second in charge to the Head of Macquarie Bank Credit. Earlier, he had spent five years as a Credit Analyst with Westpac Corporate Banking.
2 topics
2 contributors mentioned
Livewire Markets
Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The 7 zombie companies lurking on the ASX 300
Livewire Markets
Education
Warren Buffett’s 25 biggest mistakes – and 4 lessons they teach
Leithner & Company Ltd