FYI: One of the most remarkable aspects of today’s financial markets is that, at one and the same time, individual investors have never been treated better and have never felt worse. With future returns on stocks likely to be lower than the historical average, hedge funds using predatory trading techniques, frequent “flash crashes” in which prices go haywire, and the yield on fixed-income investments so low you couldn’t find them with an electron microscope, investors often feel as if they are standing outside shivering in the cold, shaking a tin cup. But a little historical perspective is a healthy reminder that investors have come a long way since the 1970s. If you behave patiently and prudently, you have a higher probability than ever before of keeping most of the returns your portfolio generates. A decade ago, I looked back 35 years and described how the landscape had changed. The conclusions are at least as valid today.
Regards,
Ted
http://jasonzweig.com/are-you-a-better-investor/
