Morningstar blames “mistimed purchases and sales;” Carl Richards calls it the “Behavior Gap.” Vanguard’s Fran Kinnery describes the cure as “Advisors Alpha.” Whichever phrase you prefer, the persistent gap between investors’ performance and their own assets (!) is a substantial drag on returns.
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Marco Vdm | E+ | Getty ImagesThe wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds.Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families.Researchers calculated...