Morningstar says: The more investors traded, the less they made. I say: Investments are like soap–the more you touch them, the smaller they get.
Over a period of time, it’s difficult for any investor to beat a market return. To beat the market, you have to know when to buy and when to sell, over and over again. While you’re also working, supporting a family, going to soccer games, etc. You can’t do it.
But you want to do it. As the headline says, you think, “I’m Smart, Why Can’t I Beat the Market?”
It’s not a question of being smart. As the article at Morningstar says, the more people traded, the less money they made. They were trying to be smart, they were trying to employ their knowledge, and they still underperformed.
A good financial advisor helps to protect you from this–helps to protect you from yourself. When you have a good financial advisor, they can coach you and help to keep you from making quick decisions that can boomerang in the future.
At Dominion Financial Advisors, we help you remember why you’re doing what you’re doing, and keep you focused on the long term instead of what feels good now. Schedule a complimentary consultation with us to see how we can work together to plan your financial future.