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March 18, 2008
High Net Worth Investors: We're Goooood!
Typical of most such studies, but always amusing to see, a new Forbes study accidentally shows investors are as delusional as ever. Why? Because most of the high net work investors who responded think their portfolios outperformed the market:
Lots more fun stuff in the rest of the report -- including that the same respondents think their real estate investments are doing fine -- so go on and read the whole thing.
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Yes, meant to comment on that as well. Was a very loose definition of high network, one more skewed to income than anything else.
Interesting to note Paul that 53% of the supposed "high net worth" respondents had less than 1 Million dollars in investable assets. I would be shocked if that didnt skew the results somewhat.