Bad Behavior Cost Mutual Fund Investors 8 Percentage Points in 2014: Dalbar
From: thinkadvisor.com
In exclusive interview, Lou Harvey laments the scarcity and necessity of advisors’ client hand-holding.
The Boston-based consulting firm just released its famous Qualitative Analysis of Investor Behavior (QAIB) study, now in its 21st annual edition, and it once again exposes a wide gap between investment returns — the return of a benchmark index — and the much smaller returns that mutual fund investors actually captured.
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