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Periscope Weekly Investment Newsletter.

A Tribute to Poetry

Our guest writer this week is Cameron Morgan, Wealth Manager:
 

School's out... and young people across the country are hearing words of wisdom at high school and college graduations. Do you remember the commencement speaker at your graduations? How about the inspiring verses or poems read out at your wedding? Maybe you are attending a gymnasium graduation or a classic June wedding this month!

 

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We Are Not as Smart as We Think

Dalbar, a research firm, says most investors don't know how to invest. (1)  Highlights of this year's study include:
  1. Investors don't do as well as the market; in fact, they do 4.20% worse per year. 
  2. Another way to say that is, the 20 year average return earned by investors for an equity fund was 5.02% compared to 9.22% for the S&P 500. 
  3. Another way to say that is that had the investing public not done anything, they would have done 80% better than the 5% they earned.
  4. The primary reason is market timing. 
  5. This is a consistent trend; under any other measured period (10 year, 5 year, 3 year and 1 year). 
  6. Attempts to change this trend through consumer education are futile.  

Perhaps the best advice your financial advisor may give you is to do nothing at all. Indeed, from our perspective, the greatest value we deliver is the one that eliminates or minimizes the "behavior gap" between doing nothing and giving up what could be 80% of the gains.

On the other hand, a Wall Street Journal editor, Jason Zweig, says Dalbar has it wrong (or at least exaggerates how dumb we are):

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Go Tax Free

A&I Financial Services - Karl Frank Book - Go Tax Free

 

 

 

 

 

An assortment of tools and strategies that give readers of all backgrounds a clear, specific action plan for obtaining the maximum allowable control over when and how they pay taxes.
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