AuthorContrarian thoughts on the world markets from Jon K. Hancock Archives
July 2023
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Vastly Underperform the S&P 500?11/17/2021 The average investor barely beats inflation, and vastly underperforms the S&P 500. As calculated by Dalbar Inc, and charted here by JP Morgan, That’s mainly because investors tend to buy stocks or funds during market tops when they are expensive and all the news is good, and then sell stocks and funds after they crash, when they are cheap. They keep doing that over years and the returns end up being quite bad. |