Taming Irrational Decisions By Buying Bad Products?

A good article from Rick Kahler –
Steve
================================
I came across an interesting article today in the InvestmentNews on “How to save wealthy investors from themselves.” The article lays out a solid argument that most investors, including those who work with an investment advisor, tend to make poor financial decisions.

IN interviewed a representative of Barclays Wealth who observed that while the financial services industry is aware of the high cost of their client’s emotional trading (a 20% under performance over a long term) the industry hadn’t found ways to help clients implement discipline in the face of market volatility.

Read the complete article here:
http://financialawakenings.com/investment-updates/taming-irrational-decisions-by-buying-bad-products

 

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