Don’t worry, I’m certainly not going to join the voices exhorting you to use this new lockdown to try Couch to 5K or some other ambition fitness goal. What I’m actually referring to is one of the investment industry’s most long-running debates: whether active or passive investing generates better results.
Resolutions typically fail because they are either unrealistic in the first place or represent too much “stick” and not enough “carrot”. The beauty of making financial pledges is that they can rapidly become very rewarding indeed.
Who would have thought in the dark days of March 2020 that the year would actually turn out to be a good one for investors? Multiple risks remain and new ones could certainly emerge, yet there are also rewards to be had, too.
2020 has provided lots of time, and food, for thought. Even during the festive season, the forced suspension of traditions is giving us all a chance to re-evaluate what we truly value. I suspect many attitude adjustments will stick.