Graham Bentley: You need robo advice more than you think

From January 1975 to December 1989, the total return on the FTSE All-Share index was 29.85% per annum compound. Over fifteen years, £1,000 grew to over £50,000. Even accounting for double digit inflation, that still represented a real compound growth rate of almost 20% per annum. This period covered my formative years in our industry, and gave birth to the axiom "charges don't matter when you get the performance".   Coin tosses I subsequently realised our ‘market normal' was merely a long run of heads in a series of coin tosses; a remarkable winning streak from 1975 to 1990 th...