Paul discusses a study that shows how DIY investors openly admit to investing while intoxicated as well as crying because of past investment decisions. Paul and Evan talk about how educated advisors can help investors avoid impulsive investing. Later in the show, Paul talks about a misleading practice that allows robo-investors to make money for their services.
There are No Shortcuts. Behavior is the Biggest Indicator of Success in Investing.
The investment industry is always harping on topics, like taxes or fees, that they claim will have the biggest difference on your