Behavioural finance expert Daniel Crosby shares that humans have a natural tendency to imagine the worst possible outcomes, which is not always constructive.

Behavioural finance expert Daniel Crosby shares that humans have a natural tendency to imagine the worst possible outcomes, which is not always constructive.
Bad returns early in retirement can cause an investor’s capital base to erode such that withdrawals grow to an unsustainably high percentage of assets.
History suggests a useful upgrade to the axiom might be “Fortune favours… the prudently bold.” Examples of measured risk taking.
With painful inflation levels, rising rates and economic concerns, 2022 has been a hostile environment for most investors, but downside protection prevails.
A 50bps rate hike is unusual and validates the zeal with which Governor Macklem wants to normalize monetary policy as quickly as possible.
The invasion of Ukraine by Russia on February 24th added significant complexity to an already intricate economic backdrop.