People like a winner. They also like a sure thing. That is why so many private investors saving for retirement leave their money in the same accounts that were last year’s strong players. It makes sense. It can also be a really big mistake, according Gregory Friedman, a certified financial planner and CEO and president of Private Ocean in San Rafael and Walnut Creek, CA. He calls it investor greed.
(Read my complete article at ThinkAdvisor)