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David Fagan, Sonic AI
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David Fagan
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David Fagan
Managing Partner, MBF Chartered Professional Accountants · Person
23
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23
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A 3 percentage point shortfall in annual investment returns, from a target of 8% to an actual 5%, resulted in a client of David Fagan having to work an additional 6 to 7 years before retirement.
Expert perspective
David Fagan
Jun 17
David Fagan's rebalancing rule is to trim equities if his fixed income allocation falls to 5% and buy more equities if it rises to 15%.
Expert perspective
David Fagan
Jun 17
David Fagan's personal investment strategy allocates 90% to low-cost index funds and 10% to fixed income.
Expert perspective
David Fagan
Jun 17
Stig Brodersen and David Fagan have launched a new website and YouTube channel called Compounding Simplicity, produced by The Investor's Podcast Network, to educate Canadian business owners on managin...
Expert perspective
Stig Brodersen
Jun 17
An investment advisor proposed that a client of David Fagan, who was saving $150,000 annually, put all their savings into a whole life insurance policy for 10 years, a product that would have generate...
Expert perspective
David Fagan
Jun 17
David Fagan's accounting firm, MBF Chartered Professional Accountants, implemented a principle called "one-hour flights," limiting senior manager time to one hour per file to focus on high-value coach...
Expert perspective
David Fagan
Jun 17
David Fagan observed a competing professional services firm's growth strategy of accepting any client request ultimately led to disorganization, high staff turnover, and an inability to complete work.
Expert perspective
David Fagan
Jun 17
A portfolio manager at a large Canadian bank admitted to David Fagan that he could not manage a multimillion-dollar portfolio using only a few ETFs because, in his words, "it would look too simple."
Expert perspective
Stig Brodersen
Jun 17
Approximately 90% of large-cap fund managers in the United States underperform the S&P 500 after fees and expenses.
Expert perspective
David Fagan
Jun 17
According to the Bessenbinder Research Report, only 4% of stocks created all the net worth in the market since 1930.
Expert perspective
David Fagan
Jun 17
Warren Buffett, in his 2013 shareholder letter, advised the trustees of his estate to invest 10% of cash in short-term government bonds and 90% in a low-cost S&P 500 index fund.
Expert perspective
David Fagan
Jun 17
In Canada and Europe, assets held in index funds are approximately 12% and 13% respectively.
Expert perspective
David Fagan
Jun 17
Over the last 15 years in Canada, 98% of Canadian equity managers failed to outperform the S&P/TSX index.
Expert perspective
David Fagan
Jun 17
In a 1968 study by psychologists Robert Rosenthal and Lauren Jacobson, students randomly labeled as having 'exceptional potential' showed significantly larger IQ gains after 8 months.
Expert perspective
David Fagan
Jun 17
Portfolio turnover can cost investors up to 2% of gross returns annually due to taxes and fees.
Expert perspective
David Fagan
Jun 17
Although approximately 50% of assets in the US market are classified as passive, only about 23% are held in true index funds.
Expert perspective
David Fagan
Jun 17
Index funds account for only 1% of the total trading volume in the US stock market.
Expert perspective
David Fagan
Jun 17
Southwest Airlines maintained profitability for approximately 40 consecutive years until the COVID-19 pandemic.
Expert perspective
David Fagan
Jun 17
Research by Barry Schwartz in his book "The Paradox of Choice" indicates that an excess of options leads to decision paralysis and stress, and that well-being improves when choices are limited.
Expert perspective
David Fagan
Jun 17
Southwest Airlines achieved an average plane turnaround time of approximately 25 minutes, compared to the airline industry average of around 60 minutes.
Expert perspective
David Fagan
Jun 17
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