Luck Masquerading as Skill | Erik Averill, Brandon Averill, Justin Dyer | AWM Insights #37
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Episode Summary
With everything going on in the world right now, the markets somehow keep going up. Brandon Averill, Erik Averill and Justin Dyer talk about the relationship of risk and return, how fast a bit of information could change the markets, and to make sure that you have clarity around your plan.
Episode Highlights
1:11 Even in the midst of surge in COVID cases and potential lawsuits surrounding the election, the markets are still reacting positively.
Justin Dyer: “Markets are really looking out six, nine, probably even twelve months and beyond that in some cases. That’s a good thing, that’s how investors should be operating, we don’t invest in the short term.”
3:44 Risk and return are related, volatility comes more consistent, markets are relatively efficient. It's about outcomes not returns.
5:11 An average Joe approach vs the technological approach in terms of tax harvesting and not just doing it at the end of the year but doing it throughout the year.
8:13 The question on investment in certain stocks it’s important to know when to buy and of course when to sell.
Erik Averill: "In a moment's notice of a piece of information of potential news, markets and individual companies are being reacted to quickly."
11:52 Make sure that you have clarity around your plan. How do you make sure that you have the highest after tax return?
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Erik Averill: LinkedIn
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Justin Dyer: LinkedIn