Think quickly, would you rather have a $1 million retirement nest egg or $5,000 in monthly income to spend during retirement? Your answer could tell you whether you possess an ‘illusion of poverty’ or an ‘illusion of wealth’ according to recent research published in the Journal of Marketing Research. In their paper, “The Illusion of Wealth and Its Reversal,” Drs….
Openfolio, a company dedicated to providing information and transparency to investors, recently released some data about how investors performed in 2016. Openfolio aggregates the performance data from over 70,000 subscribers who voluntarily and anonymously share their investment portfolio information with Openfolio. The idea is that sharing data among its users should help them realize better investment performance. We will discuss…
