What is the Worst Investment of the Past 20 Years?

What has been the best or worst asset class or stock pick of the past 20 years and why? We asked two of market commentators to name and shame

Morningstar Manager Analysts 4 February, 2015 | 9:01AM
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Dan Kemp, Co-Head of Investment Consulting and Portfolio Management, Morningstar

While some commentators will point to specific companies that have gone bust or asset classes that have underperformed, the truth is that over such long periods of time, the key decision is whether or not to invest. Those who have shunned investment for the last 20 years have typically lost out to those that have embraced it. This reflects the old saw that ‘time in’ the market is far more important than ‘timing’ the market. While a well-managed and diversified portfolio may not make great headlines, or induce the feelings of euphoria and terror that accompany concentrated exposure to individual holdings, it is far better suited to achieving the most essential goal of investment, that is, to increase the net worth of those who entrust their money to us.

Jeremy Beckwith, Director of Manager Research, UK, Morningstar

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Morningstar Manager Analysts

Morningstar Manager Analysts  research and rate hundreds of OEICs, unit trusts and investment trusts available for sale in the UK.

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