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

Avoid Losing $17K Yearly From Bad Investment Decisions


Listen Later

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/

    ...more
    View all episodesView all episodes
    Download on the App Store

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

    • 4.4
    • 4.4
    • 4.4
    • 4.4
    • 4.4

    4.4

    26 ratings


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

    View all
    Sound Retirement Radio by Jason Parker

    Sound Retirement Radio

    436 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    778 Listeners

    The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

    The Retirement and IRA Show

    737 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,290 Listeners

    Retire Sooner with Wes Moss by Wes Moss

    Retire Sooner with Wes Moss

    433 Listeners

    Retirement Starts Today by Benjamin Brandt CFP®, RICP®

    Retirement Starts Today

    510 Listeners

    Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

    Big Picture Retirement®

    522 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    640 Listeners

    Retire With Purpose - The Retirement Podcast by Casey Weade

    Retire With Purpose - The Retirement Podcast

    560 Listeners

    The Long View by Morningstar

    The Long View

    885 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    793 Listeners

    The Long Term Investor by Peter Lazaroff

    The Long Term Investor

    127 Listeners

    Retirement Planning Education, with Andy Panko by Andy Panko

    Retirement Planning Education, with Andy Panko

    738 Listeners

    Retire With Style by Wade Pfau & Alex Murguia

    Retire With Style

    163 Listeners

    Retirement Answers by Jacob Duke, CFP®

    Retirement Answers

    100 Listeners