Monkey with a Pin:: Why you may be missing 6% a year from your investment returns

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Pete Comley, Apr 19, 2012 - Business & Economics
ReviewComley's argument is clear, honest, logical and jargon-free. He also throws in some astonishing stats, such as this one: that 6% we lose every year totals £170 billion -- or £3,000 for every man, woman and child in the UK. That's a lot of money the finance industry makes from us. Best of all, Monkey With A Pin isn't selling you the dream of getting rich quick. In fact, it isn't selling anything at all.
--Harvey Jones, Journalist, Motley Fool 

Monkey With A Pin explains to you exactly why neither you nor the fund managers you hire to run your money for you ever seem to make the kind of returns studies show the equity market is supposed to offer.
--Merryn Somerset Webb, Editor-in-Chief, MoneyWeekBook DescriptionFor the first time, this book exposes exactly how most private investors perform in real life. It shows they are likely to perform 6% a year worse than the industry’s theoretical predictions of their returns (whether using funds or direct investing). The book reveals that many have earned less than if they had saved in a building society.

Part I of the book looks in detail at reasons why investors underperform: poor skill, charges and survivorship bias. The second part turns to the implications for the private investor, the finance industry and regulators. 

Monkey with a Pin encourages private investors to review their investing style and strategy to help them achieve better returns.
 

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Contents

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About the author (2012)

Pete's first book, Monkey with a Pin, was published in 2012. It exposed how most private investors' returns are much worse in real life than the theoretical returns promoted by the finance industry. It went viral and was downloaded by over 10,000 people. His second book, Inflation Tax: The Plan To Deal With The Debts was published in 2013. His third book, Inflation Matters: Inflationary Wave Theory, its impact on inflation past and present ... and the deflation yet to come was published in 2015.

You might describe Pete as an author with an inquiring mind. He is not one to blindly accept the orthodoxy and conventional wisdom. Instead, he forms his opinions by painstakingly re-evaluating the facts – and by joining the dots sometimes coming to different conclusions.

He has a degree in psychology and has worked for most of his career in market research. He’s well known within the industry as a conference speaker and also an innovator. He was the first person to run commercial online surveys in the UK in the mid-1990s. He founded the first UK online market research agency in 1998. The company is now called Join the Dots and has its head office in Manchester.

Pete’s interests include gardening, and he recently created allotments in his local village for 150 people. He is in the process of walking the entire coast of England and Wales with his wife, Trish.

Pete can be contacted on twitter: @petecomley or by email: pete.comley@inflationmatters.com.

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