There is a mental trap when it comes to index funds, and Miracle Mile gives insight on how to avoid this trap. “The most important factor for most investors is not whether they can ‘meet’ or ‘beat’ an index, but rather whether they can ensure a quality retirement and ensure that they do not outlive their money,” says Dimitry Farberov, Investment Adviser at Miracle Mile Advisors in Los Angeles. “Investors focusing on index returns often miss the forest from the trees of what they’re trying to accomplish.”
Read the full article: Index Investors’ Avoidable Mental Trap #5: This Anchor Can Weigh You Down If You Let It (Forbes)
