The Average Person Is Absolutely Horrible At Investing [Chart]

The Average Person Is Absolutely Horrible At Investing [Chart]
News

The Average Person Is Absolutely Horrible At Investing [Chart]

BlackRock’s chart of the week has shown us something that most of us have speculated for a long time: the average investor is really, really bad.

“Volatility is often the catalyst for poor decisions at inopportune times. Amidst difficult financial times, emotional instincts often drive investors to take actions that make no rational sense but make perfect emotional sense. Psychological factors such as fear often translate into poor timing of buys and sells.

Though portfolio managers expend enormous efforts making investment decisions, investors often give up these extra percentage points in poorly timed decisions. As a result, the average investor underperformed most asset classes over the past 20 years. Investors even underperformed inflation by 0.5%.”

Paul Hudson | Elite. 

More In News

World

There Are 700 Bridges In Washington Weaker Than The One That Collapsed

There are apparently more than 700 bridges in Washington State with worse sufficiency scores than the bridge that collapsed into the Skagit River last night, according to the Seattle Times. Federal records state that the collapsed bridge had a sufficiency rating of 57.4 of 100, far below the state average of 80. But 759 that [...]

World

Homeless High School Student Manages To Graduate As Valedictorian (Video)

A Georgia teenager serves as an inspiration and a pillar of hard work, as the homeless girl worked relentlessly to graduate and earn her spot as valedictorian of her high school. Chelesa Fearce managed to keep her grades up despite not being able to call a place home. “I just told myself to keep working, [...]

World

Bridge In Washington State Collapses With People On It

A truck carrying an oversized load of construction equipment hit an overhead girder on the Interstate 5 bridge connecting Seattle and Canada Thursday night, causing the front end of the bridge to collapse. The truck driver watched the bridge go down in his rear view mirror. Two cars following the truck dropped 25 feet down [...]

World

29 New Jersey Bars Caught Selling Intentionally Mislabeled Liquor

If you’re a scotch aficionado, you probably want to avoid bars in New Jersey, as it has been revealed multiple bars were combining food coloring and rubbing alcohol and selling it as premium liquor. Bars all over New Jersey, twenty-nine in total, were accused of substituting cheap liquor for expensive liquor, or even putting water [...]

World

Study Shows Super Religious Cities Are Some Of Porn’s Biggest Consumers

A recent poll released from Pornhub.com has determined that some of the most religious cities in American are also where where the most porn is downloaded. Pornhub.com, one of the world’s largest porn sites, used data from a Gallup poll that displayed the amount of “very religious” people in U.S. cities and compared it with [...]

World

Watch As This Man Plays Guitar While Surgeons Operate On His Brain! (Video)

If you think playing guitar is an impressive feat, you won’t believe your eyes when you see a man strumming away while doctors perform brain surgery on him. In the middle of 39-year-old Brad Carter’s surgery, he played a few songs on the guitar. “I’m excited to play this guitar,” Carter, who suffers from Parkinson’s [...]

Also On Elite

Money

Stop Bitching And Start Being Resourceful

No one likes being backed up into a corner. We don’t enjoy feeling that we have limitations put on us by outside forces. We want to be free and feel free to do what we wish to do. We want to do things and we believe that we must do them in comfort in order [...]

Music News

Lil Wayne Signs New Gen-Y Group, W3 The Future, To Young Money

Lil Wayne and Mack Maine have announced that international boy band W3 The Future will be the newest members to be added to their ever-growing YMCMB label. Wayne and Mack took to Youtube to personally announce the news of signing the new pop group. W3 The Future is a boy band consisting of three 14 year [...]

Entertainment

Rihanna Is Totally Down To Make Out With Miley Cyrus (Video)

Good news for fans of hot girls making out with each other, aka the entire population of the planet:  Rihanna says she’s totally down to make out with Miley Cyrus just as soon as Miley gives her a call. Why exactly is Rih talking about girl-on-girl action with Miley, you ask? Basically, someone asked Miley the [...]

Sports

Are The Dolphins Really Thinking About Relocating Out Of Miami?

Miami Dolphins CEO Mike Dee suggested on Sunday that the Dolphins may have to relocate at some point. His statement came as a result of Florida legislature’s decision on Friday  to reject hearing a referendum that would have provided public renovations to the Dolphins’ Sun Life Stadium. Dee had said last month that owner Stephen Ross [...]