hit the bricks pal
Mike Mayo: I think what I hear UBS saying in their presentation is, if I’m an affluent customer, I’ll feel a lot better going to UBS if they have a 13 percent capital ratio than another big bank with a 10 percent ratio, do you agree with that or disagree? Jamie Dimon: So you would go to UBS and not JPMorgan? Mike Mayo: I didn’t say that, that’s their argument. Jamie Dimon: That’s why I’m richer than you.
[via AlecBaldwin, earlier, related]
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing