According to BlackRock, the average investor in America is doing a miserable job. Bad investing habits are eating away at our portfolios, delaying retirement and costing us money. In particular, the data shows that we like to:
Pay people to beat the stock market. Despite the growth of index funds, people still continue to pay fund managers for a promise that is almost statistically impossible to keep. Sell in a down market to “avoid losses,” which actually costs more money in the long run.
