More tools, more platforms, and more strategies than ever — which makes discipline, not access, the scarce resource.
Access to markets is no longer the constraint. Behaviour is. The investors who do well over a decade are usually the ones who changed the least during it.
That argues for a written policy: what the allocation is, why, and what would justify changing it.
Costs and taxes are the two levers fully within an investor's control. Both deserve more attention than the forecast of the month.