On this episode of "On the Money," we discuss financial New Year's resolutions and the benefits of diversification.
Think you are "too smart" to fall prey to emotional behavior when it comes to investing? Even Sir Isaac Newton, one of the most brilliant people ever to walk the earth, was not immune to emotional investor behavior, and it cost him considerably.
Over the past 25 years of my radio show On-The-Money I have stressed the importance of proper investor behavior over actual investment performance. Year after year, studies reach the same conclusion; investors fall short of the returns of their own investments due to bad behavior.