Here is the link.
Investment will not make your rich
Point #1
You need money to
SpectremGroup value of the investor
Point #2
S&P500
9.8% last 10 years
For example, 10,000 dollars to invest, 9.8% return, it will take 51 years to get a million dollars. If you start from 15 years, you will get 66 years old.
$10,000 dollar invest, get 1 million in 10 years, annual return ~59%; you need to get those picks to get high return.
Point #3
6:44/ 13:47
Dalbar
S&P500: 7.68%
Funds: 4.79%
7:25/ 13:47
Dalbar analyzed three factors:
- Capital not available to invest
- Capital needed for other purposes
- Psychological factors
Retention rate:
3.8 years
Loss aversion bias:
we worry about losing more money when price goes down.
Anchoring bias
Herding
Follow the decisions of other people
Regret aversion
11:30/ 13:47
Program educated or simple strategy
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