Asset Class Returns vs Investor Returns - Who Wins?
Asset Class Returns Compared To Investor Returns History has shown that the psychology of investing is a huge driver of investment success. When emotion drives investment action, investors end up taking low probability actions. Over time, the result of these actions is that long term returns earned by the average investor are well below what actually occurred in the markets, as can be seen by the chart on this page. As you view this chart, you will note that between 1994 and