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The average fixed-income investor didn't fare any better. This chart shows that
over the last 20 years, the average investor making a $100,000 investment in
bonds missed out on approximately $157,000 in gains by making bad
Don’t Make Me Say I Told You So
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investment decisions. Since bonds are considered a "safe" investment, it's hard
to fathom how individual bond investors went so far wrong.
Growth of Hypothetical $100,000 Investment (12/31/1999 - 12/31/2019)

10%

8%
6% $266,850
5.03%
4%

2%
$109,831
0.47%
0% Average Fixed-Income Investor Bloomberg Barclays U.S. Aggregate Index

Source: Dalbar, 2020
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One of the critical duties of a professional financial advisor

– and one of the most valuable services that I provide to my
clients – is to get them to stay the course in market downturns.
Over my 30 years as a financial advisor, I have spent a great deal

of time talking clients out of doing things. My consistent advice

is to resist tinkering with their portfolios on a regular basis.

Summary

► You should consider using a financial advisor.

► There are many services that a financial professional can
provide, and will very likely do a better job at maximizing

your wealth than you could do yourself.

Chapter 5: Things That Can Wreck Your Retirement