At The Money: Don’t Underperform Your Own Investments!
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What would you say if I told you that most investors underperform not only the benchmarks, but their own investments? That's the conclusion of an annual study by Morningstar titled Mind the Gap. It examines the differences between returns generated by investment funds and the actual returns investors experience. The difference between the two?
It's a substantial performance gap driven in large part by investor behavior. I have the perfect person to discuss this with. Jeffrey Patak is the managing director at Morningstar. Previously he was the chief ratings officer there.
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