By Steve McDonald Transcript:
Here’s the annual small investor’s behavior slap, compliments of Dalbar.
Dalbar is a Boston-based behavioral finance research group that has been collecting data on the small investor for more than 30 years. And its current report is a virtual repeat of last year’s.
If you’ve followed me for any amount of time, this won’t come as a surprise… The small investor is getting killed, and he’s doing it to himself.
The little guy is lagging the market badly – how does 4.7% below the S&P 500 sound? That’s worse than it was last year.
And it isn’t about excessive fees or bad advice; it’s …read more
