Last month, we looked at the concept of risk. It is quite revealing, as we learned what we fear is big and scary and exciting, when instead we should fear the more mundane things in life, like cholesterol and heart disease.
Similarly, investors often fear big scary events – Crashes! Hyper-Inflation! Currency Collapse! – when what actually is more likely to damage your portfolios are mundane things like over-trading, excess fees, and taxes.