My recent post titled To Index, Or Not To Index: That Is The Question! focused on the fact that most actively-managed mutual funds fail to outperform their benchmarks. It's bad enough that most funds underperform the market, but what's worse is that investors often underperform their own investments! The Quantitative Analysis of Investor Behavior (QAIB) is a report that Dalbar, a financial research company, has published since 1994. This study compares the performance of individual investors … [Read more...]