How much investors lost, over the last ten years, by attempting market timing, rather than “buy and hold”: $1 trillion
How much investors lost, over the last ten years, from high mutual fund fees: $20 billion
How much investors lost, over the last ten years, from crooked trades: $10 million
All of the estimates are from the December 22 Forbes, p.84. The last number seems far too low to me, but the point remains: investors are their own worst enemy, they inflict far more damage on themselves than they ever lose through outright fraud.
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