As much as fees can hurt investment returns, believe or not this was the number one factor for under-performance:
Analysis of the under-performance shows that investor behavior is the number one cause, with fees being the second leading cause.
Source: Dalbar’s 2015 Quantitative Analysis of Investor Behavior
That’s right – we truly are our own enemies.
It’s all too easy to make bad investing mistakes like getting swayed by the noise, trying to time the market, or pulling money out of fear.
Having an advisor who can tackle both the numbers and emotions is worth their cost.
If you’re a financial planner or advisor, please check out Carl’s mini-course.
If you’re an investor like me, make sure your advisor is helping you beyond the how with the calculations and spreadsheets, and get into the why. Not only will your portfolio thank you, so will your future self.
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Elle Martinez helps families at Couple Money achieve financial freedom by sharing tips for reducing debt, increase income, and building net worth. Learn how to live on one income and have fun with the second..