Everybody wants their investment to produce a maximum possible return so the absolute result is important. However, how you get to the final destination is also critical. In fact, most of the popular portfolio performance metrics focus on the path your investment takes.
Sooner or later anybody who’s working for money and saving a portion of their earnings because it is a prudent thing to do or just happens to have some ‘excess savings’ will be faced with the inevitable question: What do you do with your money?
While this question appears simple on the surface it actually leads into a veritable rabbit hole with such complex subjects as decision making under uncertainty, psychology, structure of modern society and the price and value of time itself.