FOR IMMEDIATE RELEASE:
New free book reveals truth about investing returns
25th April, 2012
A new investing eBook called Monkey with a Pin is published this week by private investor Pete Comley. The main theme of the book is that investors’ returns are never as good as the finance industry has been leading them to expect. Far from getting a yield of 5% above inflation over the long term, most are probably lucky to beat inflation. Indeed, many would have been better off leaving their money in a building society Cash ISA over the last 20 years.
Pete Comley says: “I wrote this book for other private investors like myself. I’m publishing it for free as I want as many of them to read it as possible. My analysis shows that the average investor is probably missing 6% a year from their investment returns whether they use funds or pick stocks themselves. There are many reasons for this and they include poor investing skill, charges and something called survivorship bias. By fully understanding where you can lose money, you can change the way you invest and do so more profitably.”
When asked why he called the book Monkey with a Pin, Comley replied: “As part of my research into trying to determine the skill of an investor, I was intrigued by the random entry in the UKStockChallenge competition of that name. On average it beats two thirds of contestants and usually the FTSE too. I suspect he may also beat many fund managers on salaries of £1million+.”
The book is available for free in all major eBook formats from monkeywithapin.com. It will also shortly be distributed in the main eBook retailers including Google, Apple and Amazon Kindle. ISBN: 9781476219615.
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