50 Reasons Why We Don’t Invest for the Long-Term

Behavioural Investment

December 18, 2018 / Joe Wiggins

Investment is a long-term endeavour designed to meet our long-term financial objectives, so why do we spend so much of our time obsessing about the short-term and almost inevitably taking decisions that make us worse off?  Well, here are 50 reasons to start with:

1: Because it is boring.

2: Because markets are random and it’s difficult to accept.

3: Because of short-term benchmark comparisons.

4: Because we are remunerated based on annual performance.

5: Because of quarterly risk and performance reviews.

6: Because there is always something / somebody performing better.

7: Because we watch financial news.

8: Because we think we can time markets.

9: Because even good long-term investment decisions can have disappointing outcomes.

10: Because the fund we manage charges performance fees.

11: Because short-term losses are painful.

12: Because we forget about compounding.

13: Because we are obsessed with what is happening right now.

14: Because we are poor at discounting the future.

15: Because we will be in a different job in three years’ time.

16: Because we extrapolate recent trends.

17: Because we check our portfolios every day.

18: Because it is so easy to trade our portfolios.

19: Because we think poor short-term outcomes means that something is wrong.

20: Because we make decisions when we are emotional.

21: Because we think we can forecast economic developments.

22: Because we think that we know how markets will react to economic developments.

23: Because we compare our returns to the wrong things.

24: Because it is hard to do nothing.

25: Because regulations require that we must be notified after our investment falls by 10%.

26: Because it feels good to buy things that have been performing well.

27: Because there is too much information.

28: Because we don’t know what information matters.

29: Because we don’t want to lose our job.

30: Because nobody else is.

31: Because we need to justify our existence.

32: Because we think we are more skilful than we are.

33: Because we work for a listed company.

34: Because we don’t want to lose clients.

35: Because we think one year is long-term.

36: Because assets with high long-term return potential can be disappointing in the short term.

37: Because we think performance consistency is a real thing.

38: Because we don’t want to spend much of our time looking ‘wrong’.

39: Because the latest fad is alluring.

40: Because there is a new paradigm.

41: Because we vividly remember that short-term call we got right.

42: Because we can’t tell clients we haven’t been doing much.

43: Because we think we are better than other people.

44: Because we have to justify fees.

45: Because we don’t want to be invested through the next bear market.

46: Because we think short-term news is relevant to long-term returns.

47: Because short-term investing can be exciting.

48: Because we have to have an opinion.

49: Because there are so many experts and they are all so convincing.

50: Because it seems too simple.

Adopting a genuinely long-term approach to investment is one of the few genuine edges or advantages any investor can hope to exploit.  Unfortunately, it can feel as if everything is conspiring against our attempts to benefit from it – but that does not mean we should not try.

301 thoughts on “50 Reasons Why We Don’t Invest for the Long-Term”

  1. Pingback: Discount brand name viagra

  2. Pingback: US viagra

  3. Pingback: cialis super active

  4. Pingback: buy cialis

  5. Pingback: cialis walmart

  6. Pingback: Usa viagra sales

  7. Pingback: Drug viagra

  8. Pingback: cialis 20

  9. Pingback: cialis over the counter at walmart

  10. Pingback: buy cialis online

  11. Pingback: cialis without prescription

  12. Pingback: cialis from canada

  13. Pingback: viagra generic

  14. Pingback: online pharmacy viagra

  15. Pingback: online pharmacy viagra

  16. Pingback: ed medication

  17. Pingback: top ed pills

  18. Pingback: mens erection pills

  19. Pingback: canadian pharmacy online

  20. Pingback: Buy cialis online

  21. Pingback: online levitra

  22. Pingback: vardenafil pills

  23. Pingback: online casino usa real money

  24. Pingback: viagra viagra

  25. Pingback: best online casino usa

  26. Pingback: play for real online casino games

  27. Pingback: quick cash loans

  28. Pingback: loans online

  29. Pingback: viagra 100mg

  30. Pingback: buy cialis

  31. Pingback: slot games online

  32. Pingback: best real money casinos

  33. Pingback: irwin

  34. Pingback: win real money online casino for free

  35. Pingback: cialis internet

  36. Pingback: 20 cialis

  37. Pingback: cialis 20

  38. Pingback: consuelo

  39. Pingback: generic viagra

  40. Pingback: real money casino

  41. Pingback: casino online real money

  42. Pingback: casino slot

  43. Pingback: viagra prices

  44. Pingback: buy viagra uk

  45. Pingback: generic viagra

  46. Pingback: viagra prescription

  47. Pingback: sildenafil generic

  48. Pingback: viagra cost

  49. Pingback: buy generic ed pills online

  50. Pingback: tadalafil dosage

  51. Pingback: can i buy viagra online

  52. Pingback: is viagra a prescription

  53. Pingback: buy viagra online

  54. Pingback: buy viagra online cheapest

  55. Pingback: viagra canada

  56. Pingback: generic viagra reviews

  57. Pingback: buy viagra cheap

  58. Pingback: www.jueriy.com

  59. Pingback: buy viagra walgreens

  60. Pingback: Viagra 130 mg australia

  61. Pingback: cost of Viagra 150 mg

  62. Pingback: Viagra 120mg otc

  63. Pingback: cost of Viagra 100 mg

  64. Pingback: Viagra 100mg tablet

  65. Pingback: viagra pills

  66. Pingback: Cialis 60mg united kingdom

  67. Pingback: Cialis 20 mg united kingdom

  68. Pingback: Cialis 10mg nz

  69. Pingback: Cialis 10 mg online

  70. Pingback: buy Cialis 80 mg

  71. Pingback: cheapest Cialis 80 mg

  72. Pingback: cialis

  73. Pingback: how to buy Cialis 10 mg

  74. Pingback: cost of Cialis 60 mg

  75. Pingback: how to purchase sildenafil 130mg

  76. Pingback: tadalafil 20mg without a doctor prescription

  77. Pingback: buy cialis

  78. Pingback: levitra 10mg without a prescription

  79. Pingback: lasix 100 mg without a doctor prescription

  80. Pingback: furosemide 100mg without a doctor prescription

  81. Pingback: propecia 5 mg pills

  82. Pingback: cheap lexapro 20 mg

  83. Pingback: abilify 15mg nz

  84. Pingback: cost of actos 30 mg

  85. Pingback: aldactone 25mg cheap

  86. Pingback: viagra for sale

  87. Pingback: cheap allegra 180mg

  88. Pingback: allopurinol 300mg pills

  89. Pingback: where can i buy amaryl 1 mg

  90. Pingback: amoxicillin 250 mg for sale

  91. Pingback: cialistodo.com

  92. Pingback: ampicillin 500mg usa

  93. Pingback: antabuse 250 mg price

  94. Pingback: antivert 25 mg nz

  95. Pingback: cheapest arava 20 mg

  96. Pingback: strattera 18 mg online pharmacy

  97. Pingback: aricept 10mg canada

  98. Pingback: arimidex 1 mg online

  99. Pingback: tamoxifen 10 mg medication

  100. Pingback: where to buy ashwagandha 60caps

  101. Pingback: atarax 10 mg australia

  102. Pingback: avodart 0,5mg purchase

  103. Pingback: cost of baclofen 10mg

  104. Pingback: bactrim 800/160 mg otc

  105. Pingback: benicar 10mg without prescription

  106. Pingback: natural viagra

  107. Pingback: Biaxin 250mg otc

  108. Pingback: Premarin 0,3mg pharmacy

  109. Pingback: buspar 10 mg coupon

  110. Pingback: order calcium carbonate 500mg

  111. Pingback: cheap cardizem

  112. Pingback: natural viagra alternatives that work

  113. Pingback: casodex coupon

  114. Pingback: catapres prices

  115. Pingback: ceclor 500mg without a prescription

  116. Pingback: ceftin cost

  117. Pingback: celebrex 200 mg nz

  118. Pingback: celexa 10mg generic

  119. Pingback: where can i buy cephalexin

  120. Pingback: cipro usa

  121. Pingback: claritin 10 mg online

  122. Pingback: online casino real money us

  123. Pingback: viagra professional

  124. Pingback: casino online

  125. Pingback: big fish casino online

  126. Pingback: best casino online

  127. Pingback: empire casino online

  128. Pingback: slot games

  129. Pingback: casino games win real money

  130. Pingback: online casino real money

  131. Pingback: free slots

  132. Pingback: multiple car insurance quotes

  133. Pingback: cheap insurance auto

  134. Pingback: allstate car insurance

  135. Pingback: car insurance quotes companies list

  136. Pingback: cheapest online car insurance quotes

  137. Pingback: car insurance quotes comparison rates

  138. Pingback: insurance auto

  139. Pingback: insurance car insurance

  140. Pingback: car insurance quotes comparison rates

  141. Pingback: insurance auto

  142. Pingback: low interest personal loans

  143. Pingback: guaranteed payday loans

  144. Pingback: payday loans for bad credit

  145. Pingback: installment loans in va

  146. Pingback: cash for quick loans

  147. Pingback: legitimate viagra online

  148. Pingback: bad credit loans bad credit loans

  149. Pingback: easy payday loans

  150. Pingback: sample viagra prescription

  151. Pingback: fast loans

  152. Pingback: cbd oil for pain management

  153. Pingback: cbd oil for arthritis pain relief

  154. Pingback: cbd oil benefits bloods

  155. Pingback: viagra pills online south africa

  156. Pingback: cbd oil for pain relief where to buy

  157. Pingback: how to safely buy generic viagra online

  158. Pingback: cbd oil for sale on amazon

  159. Pingback: cbd oil and anxiety

  160. Pingback: 2 sildenafil

  161. Pingback: cbd hemp oil benefits for pets

  162. Pingback: cbd oil for pain reviews

  163. Pingback: where can you buy viagra in australia

  164. Pingback: cbd oil for sale cheap

  165. Pingback: hire essay writer

  166. Pingback: university essay writing service

  167. Pingback: price of viagra tablets

  168. Pingback: online paper writer

  169. Pingback: cheap research paper writers

  170. Pingback: online homework help

  171. Pingback: paper writer generator

  172. Pingback: buy nothing day essay

  173. Pingback: middle school homework

  174. Pingback: where can i buy viagra without a prescription

  175. Pingback: federalist paper writers

  176. Pingback: online essay writing

  177. Pingback: cleocin 300mg usa

  178. Pingback: clomid 50mg generic

  179. Pingback: pharmacy viagra generic

  180. Pingback: clonidine cost

  181. Pingback: cheap clozaril 100mg

  182. Pingback: colchicine 0,5mg prices

  183. Pingback: symbicort inhaler usa

  184. Pingback: combivent 50/20 mcg no prescription

  185. Pingback: order coreg 25mg

  186. Pingback: compazine 5 mg online pharmacy

  187. Pingback: cialis online

  188. Pingback: college admission essay help

  189. Pingback: how to buy coumadin

  190. Pingback: where can i buy cozaar

  191. Pingback: thesisbyd.com

  192. Pingback: phd thesis defense

  193. Pingback: researchpaperssfk.com

  194. Pingback: https://customessaywriterbyz.com

  195. Pingback: cheapest crestor

  196. Pingback: https://essaywritingservicesjy.com/

  197. Pingback: need someone to write my paper for me

  198. Pingback: writing a dissertation

  199. Pingback: help with essay introduction

  200. Pingback: cheap cymbalta 30mg

  201. Pingback: dapsone 1000caps canada

  202. Pingback: ddavp 0.1 mg canada

  203. Pingback: depakote 250 mg online

  204. Pingback: diamox pills

  205. Pingback: differin 15g purchase

  206. Pingback: diltiazem purchase

  207. Pingback: how to purchase doxycycline

  208. Pingback: cost of dramamine

  209. Pingback: elavil 25mg tablet

  210. Pingback: erythromycin otc

  211. Pingback: etodolac nz

  212. Pingback: flomax 0,2 mg united states

  213. Pingback: flonase nasal spray 50 mcg pharmacy

  214. Pingback: garcinia cambogia 100caps coupon

  215. Pingback: order geodon 80 mg

  216. Pingback: hyzaar medication

  217. Pingback: imdur 20 mg cheap

  218. Pingback: cialis for sale

  219. Pingback: cheap cialis

  220. Pingback: imitrex purchase

  221. Pingback: what is cialis

  222. Pingback: buy tadalafil

  223. Pingback: where to buy imodium 2 mg

  224. Pingback: Recommended Site

  225. Pingback: does viagra make you bigger

  226. Pingback: best place to buy viagra online

  227. Pingback: cost of viagra

  228. Pingback: viagra ingredients

  229. Pingback: imuran 50 mg pharmacy

  230. Pingback: where can i buy indocin

  231. Pingback: where can i buy lamisil

  232. Pingback: levaquin generic

  233. Pingback: lopid 300mg online

  234. Pingback: lopressor 100mg purchase

  235. Pingback: luvox 50 mg pills

  236. Pingback: macrobid 100mg cheap

  237. Pingback: meclizine 25 mg without a doctor prescription

  238. Pingback: mestinon otc

  239. Pingback: canadian viagra generic pharmacy

  240. Pingback: micardis online

  241. Pingback: pharmacy today

  242. Pingback: canadian pharmacy

  243. Pingback: buy mobic

  244. Pingback: best non prescription online pharmacies

  245. Pingback: motrin without a prescription

  246. Pingback: Atorlip-10

  247. Pingback: nortriptyline tablet

  248. Pingback: cheapest phenergan 25 mg

  249. Pingback: plaquenil cheap

  250. Pingback: buy prevacid

  251. Pingback: prilosec 20mg price

  252. Pingback: where can i buy proair inhaler 100 mcg

  253. Pingback: procardia 30 mg over the counter

  254. Pingback: protonix nz

  255. Pingback: buy provigil

  256. Pingback: pulmicort for sale

  257. Pingback: pyridium tablets

  258. Pingback: reglan 10 mg over the counter

  259. Pingback: remeron otc

  260. Pingback: retin-a cream uk

  261. Pingback: revatio 20mg medication

  262. Pingback: risperdal tablets

  263. Pingback: robaxin 500mg cheap

  264. Pingback: cheapest rogaine

  265. Pingback: seroquel no prescription

  266. Pingback: singulair 10mg united states

  267. Pingback: skelaxin 400 mg nz

  268. Pingback: how to buy spiriva 9mcg

  269. Pingback: tenormin without a doctor prescription

  270. Pingback: order thorazine 50 mg

  271. Pingback: toprol united states

  272. Pingback: tricor cost

  273. Pingback: valtrex online pharmacy

  274. Pingback: verapamil 40mg prices

  275. Pingback: voltaren 50mg australia

  276. Pingback: how to buy wellbutrin

  277. Pingback: zithromax coupon

  278. Pingback: have a peek at this site

  279. Pingback: zocor 40mg australia

  280. Pingback: zovirax purchase

  281. Pingback: zyloprim 100mg generic

  282. Pingback: zyprexa online pharmacy

  283. Pingback: zyvox 600mg australia

  284. Pingback: sildenafil united states

  285. Pingback: how to buy tadalafil 80 mg

  286. Pingback: buy furosemide

  287. Pingback: escitalopram 5 mg purchase

  288. Pingback: aripiprazole 15 mg tablet

  289. Pingback: cheapest pioglitazone 30mg

  290. Pingback: spironolactone 100 mg purchase

  291. Pingback: cheap fexofenadine

  292. Pingback: order glimepiride

  293. Pingback: meclizine united states

  294. Pingback: leflunomide 20 mg nz

  295. Pingback: atomoxetine prices

  296. Pingback: how to purchase donepezil

  297. Pingback: anastrozole united kingdom

  298. Pingback: irbesartan 150mg no prescription

  299. Pingback: dutasteride without prescription

  300. Pingback: buspirone 5mg usa

  301. Pingback: clonidine 0.1 mg cost

Comments are closed.

Scroll to Top