Will Investors Ever Stop Underperforming Their Own Investments?

It’s the same mistakes over and over again.

http://blogs.wsj.com/moneybeat/2013/11/01/how-investors-leave-billions-on-the-table/

Here is the bottom line:

So find a financial adviser who favors a handful of highly diversified funds rather than a jumble of narrowly focused, volatile funds. Make sure he tends to hold on for at least three years at a time. The simpler, smaller and smoother your collection of funds, the more likely you are to do as well as they do—instead of worse.