Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

Avoid Losing $17K Yearly From Bad Investment Decisions


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Surprise! Another robust study showed investors are still underperforming and making bad investment decisions. Morningstar released its yearly "Mind the Gap" study last month, showing investors have lost on average 1.7% yearly -- that's $17,000 on a $1,000,000 portfolio -- over the last decade. Why so and how can we stop the madness?!

In this episode hear Tyler Emrick, CFA®, CFP® break down the study's results and describe how True Wealth helps families not make the same mistakes as the average investor.

Click to read Morningstar's Mind the Gap study: https://www.morningstar.com/lp/mind-the-gap

 

Here are some of the things we will discuss in this episode:

  • Background on the ‘Mind the Gap’ study from Morningstar.
  • The study found a 1.7% gap from average investor to the average fund return.
  • Timing the market costs investors regular and the data from the last four years shows that.
  • There’s always a new reason to give us the belief that we can time the market.
  • The illusion of control bias can lead people to believe they have more control over the outcome than they actually do.
  •  

    Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

     

    Or use this link: http://bit.ly/calltruewealth

     

    Learn more about the Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/

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    Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®By Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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