December and January are a time for reflection and planning; a time to look back at the recent past and consider the near future. It’s also a time for the media’s perennial favourites: the review of the past year and outlook for the next. As entertaining as these may be, this type of commentary is of little practical use in the real world. Our advice is to take it with a pinch of salt.
Sometimes it’s nice to look back—to reflect on what you achieved and to use recent experiences to inform future decisions. But as soothing as it might be to stand on the stern of a ship and gaze at its wake, it does nothing to help you reach your destination.
This is why we take care to review your investment portfolio and the philosophy that drives it, but never rest in our pursuit of ways to make improvements. We regularly review your goals with you and, where necessary, make adjustments to your financial plan to increase your chances of meeting them. Our Investment Committee’s role is to ensure that we offer you the best investment solutions available on the market today.
That process ran throughout 2015 and will continue throughout 2016, and, in our view, is more valuable than the end-of-year press fodder that will be forgotten before long.