Do you like Dilbert?
I think he’s onto something. Which mutual fund company do you think is run by Dogbert? You are allowed to answer more than one. Isn’t this what you see in the advertisements. Most companies have a ton of mutual funds and they advertise the rates of returns of the best funds. Is it worse that people buy them?
It has been shown that the biggest inflows into the market is when things are going well and the biggest outflows are when things are bad. That goes against rule number 1: buy low, sell high. How do so many people miss rule #1? Is it the advertisements? Is it the investment companies? Is it psychological? Emotion drives so many things in our lives.
Or maybe it’s the “imaginary expertise” that’s got you thinking. Then that puts us in the Trust Agents conversation with Chris Brogan and Julien Smith. How do you distriguish between ‘imaginary’ and real in today’s world?
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