The research firm DALBAR has been studying the behaviour of mutual fund investors for 25 years. Each year the firm reports how poorly investors fared relative to their benchmark index over time. What the data repeatedly shows is a ‘behaviour gap‘ that leads to significant investor underperforman...
In this case, surviving means having the money necessary to get by each month. Basically, we’re talking about your emergency fund (which we show youhow to calculate here). In this scenario, we’d rent a cheaper apartment, downgrade our phone plan, get rid of cable, and spend only what...