You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans.

Barry Ritholtz

Barry Ritholtz

Profession: Author
Nationality: American

Some suggestions for you :

Markets are frequently ahead of, and often out of sync with, the economy.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.

Whenever I see a forecast written out to two decimal places, I cannot help but wonder if there is a misunderstanding of the limitations of the data, and an illusion of precision.

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.

Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windows when you can withdraw your money. They typically have a high minimum investment and often require investors keep their money in the fund for at least one year.

'Returnless risk' is not how you prepare for a decent retirement.

Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing.

Anyone can make an article longer; the skill is keeping it tight and lean.

It is in your DNA to love a good story. You know, neat tales with heroes and villains and conflicts to resolve. A good story pushes our buttons, is exciting and memorable.

Once you research an idea, you begin to develop a perspective. Writing about anything in public, often in real time, has helped fashion my views.

Getting more and more of our news from the social network is having significant repercussions for markets - and your money.

Any investment bought via credit always runs the risk of margin calls and, eventually, liquidation.

Little white lies are told by humans all the time. Indeed, lying is often how we get through each day in a happy little bubble. We spend time and energy rationalizing our own behaviors, beliefs and decision-making processes.