Advisors Need to Rein in Do-It-Yourself Investors
November 29, 2017 by Brian O'Connell
Financial advisors need, from time to time, to rein in clients who attempt a “do-it-yourself” investment approach, often with lousy results.
After all, someone has to save the earnest, yet misguided, DIY portfolio manager who most likely will walk away from the experience poorer and not necessarily wiser.
Americans who make their own investment decisions seriously underperform stock market benchmarks, and have done so for decades, a 2016 study by Dalbar concluded.
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Originally Posted at Advisor News on November 28, 2017 by Brian O'Connell.
Categories: Industry Articles