Investing in the stock market can be a roller coaster ride. You’re happy when the markets are up and you’re sad when the markets are down.
It’s easy to get caught up in our emotions when it comes to investing.
In this episode of the WealthSmarts Podcast, Richard and Matt talk about how a professional advisor can help us stay mindful of our emotional responses. This involves making smarter investment decisions based on data, not emotion. Studies have shown that investors who work with a professional advisor achieve better investment returns than those who don’t.
For the purpose of this conversation, we will be referring to DALBAR’s Quantitative Analysis of Investor Behavior and the Vanguard Advisor’s Alpha study.