And … Wi-Fi Doctor Investors
[By ME-P Staff Reporters]
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Source: http://www.xkcd.com
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OVER HEARD IN THE DOCTOR’S LOUNGE
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Of course you don’t need a human financial advisor … until you do.
Today, we’ve had unfettered internet access to a wide range of investments, opinions and models for at least two decades. So, why the bravado to go it alone; five straight positive years for equities, since 2009!
The financial advisor’s role is to remove the human element and emotion from investing decisions for something as personal as your wealth. Emotion drives the retail investor to sell low (fear) and buy high (greed). This is the reason why the average equity returns for retail investors is less than half of the S&Ps returns.
No, of course you don’t need a human financial advisor … until you do. And when you do, it may be too late.
***
Dan Ariely PhD
[The Irrational Economist]
OUR TEXT BOOK
[BY DOCTORS – FOR DOCTORS – PEER REVIEWED]
[Chapter One]
UNIFYING THE PHYSIOLOGIC AND PSYCHOLOGIC FINANCIAL PLANNING DIVIDE [Holistic Life Planning, Behavioral Economics, Trading Addiction and the Art of Money]
- Dr. Brad Klontz PhD CFP™
- Dr. Ted Klontz PsyD
- Dr. Eugene Schmuckler PhD MBA MEd
- Dr. Kenneth Shubin-Stein MD CFA
- Dr. David Edward Marcinko MBA CMP™ MBBS [Hon]
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- Dictionary of Health Economics and Finance
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***
Filed under: "Ask-an-Advisor", Book Reviews, CMP Program, Ethics, Financial Planning, Health Economics, Investing, Marcinko Associates | Tagged: behavioral economics, CMP™ Course, Dan Ariely PhD, Internet addiction, investing addiction, investing psychology, Marcinko, [The Irrational Economist] | 2 Comments »
















