An Amazing Grasp of the Painfully Obvious

In a study apparently conducted by the Consortium for Research on Emotional Intelligence, it was determined that most people conduct their trades based on emotion. Surprise!

The study went further and pointed out that if the person was using a broker, who also suffered from poor emotional control, they would do poorly in the stock market, as well. Surprise!

But, apparently, those same people could do better on their own, although quite poorly overly, if left to their own. The only time the scenario changed is if the person had a broker who exhibited integrity, emotional control, a firm grasp of the market overall (instead of a Henny-Penny-Sky-is-Falling approach), and was capable of directing the client to maintain in a down market or buy at times they would typically be inclined to wait it out. Surprise!

And for all the bluster, study results, published papers, and talking head coverage, it boils down to hiring a broker who has your best interests at heart, is willing to manage their own money the way they want to manage yours, keeps their emotions off the trading floor, and acts with integrity and honesty. No surprise there!