Jonathan Zweig, of WSJ's Intelligent Investor column writes that investors are out of touch with reality as far as their expectations for investment returns are concerned.
The faith in fancifully high returns isn't just a harmless fairy tale. It leads many people to save too little, in hopes that the markets will bail them out. It leaves others to chase hot performance that cannot last. The end result of fairy-tale expectations, whether you invest for yourself or with the help of a financial adviser, will be a huge shortfall in wealth late in life, and more years working rather than putting your feet up in retirement.
Source: Why Many Investors Keep Fooling Themselves, Jonathan Zweig, January 16, 2009
http://online.wsj.com/article/SB10001424052748704381604575005291706758502.html?mod=WSJ_PersonalFinance_PF2
