48. Mastering The Art of Doing Nothing | From The Trenches with James Boyle

Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad · May 14, 2025 · 34m

There’s a well-known fable on investing that claims that from 2003 to 2013, Fidelity conducted an internal performance review of customer performance. They wanted to see who the best investors were, so they trawled through millions of records to map returns over a decade. Who do you think was the best performing customers?

Fidelity found that they were the ones who had died; the accounts that accumulated the most wealth over time for which the account holders had stopped managing after they passed away. It’s slightly morbid but the lesson – and it’s one we at Plan First Wealth talk about…