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.

Read the whole arti­cle.

Source: Why Many Investors Keep Fool­ing Them­selves, Jonathan Zweig, Jan­u­ary 16, 2009

http://online.wsj.com/article/SB10001424052748704381604575005291706758502.html?mod=WSJ_PersonalFinance_PF2

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