Studies of investor behaviour keep finding the same thing: the average investor earns less than the average fund they own. The fund did fine. The investor bought after it rose and sold after it fell. Behaviour, not selection, is where most of the return leaks out.
Check yourself
Investors usually underperform the funds they own because they…
Pick bad funds
Buy high and sell low on emotion correct
Pay too little in fees
The gap is behavioural. Which is good news — behaviour is the one variable you fully control.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap,
and a live practice terminal to try it on. Free to start.