These are from a recent article in the Journal of Financial Planning (May 2018) – and they are not snoozers! In fact, several truly surprised me. Check ’em out. And I did not make them up – these are all from formal surveys.

Credit cards

75 – Percentage of Americans who have at least one big financial regret. (Bankrate)

70 – Percentage of survey respondents who said they regret spending on restaurants. (Common Cents Lab)

62 – Percentage of Gen-Xers surveyed who said they waste too much money eating out. (Hloom)

51 – Percentage of clients who fired their adviser because they said he or she failed to understand their goals and objectives. (Financial Adviser)

1,175 – Number of points the Dow Jones Industrial Average dropped in early February 2018, the largest percentage decline in six and a half years. (Forbes)

4.6 – Percentage loss that the 1,175-point drop in the DJIA translated into. (USA Today)

22.6 – Percentage one-day drop in the Dow on Black Monday, October 19, 1987. (USA Today)

50 – Percentage of the cause for investor shortfall for equity and fixed income investors that is due to psychological factors. (Dalbar)

  • This means that psychological factors (like fear, rushing to buy/sell, or allowing media to influence decisions) are responsible for 50% of investor shortfall. “Investor shortfall” is the difference between the return on an investment (from Time A to Time B) and the return that an investor actually receives for trying to “outsmart” the timing of buying/selling an investment (the latter is typically far less).

19.4 – Percentage the S&P rallied in 2017 [note, without dividends] in 2017. It is projected that the stock market gains in 2018 could be smaller. (IBD)

19 – Times the S&P 500 has returned more than 15 percent since 1962. (IBD)

~3 – Percentage higher [annual] performance in the portfolios of people who receive financial advice compared to those who do not receive financial advice. (Vanguard)

  • Translates into several – or more – years earlier that the investor who received advice can retire or retire at all.

25 – Percentage chance you have of living past age 90 if you retire at age 65. (Forbes)

83 – Percentage of retirees who want to stay in their own homes as they age. (Forbes)

Happy Mother’s Day to all the mothers, grandmothers, Godmothers and mother figures out there.

The information contained in this blog is the personal opinion of the author who is employed by Main Street Financial Solutions. The substance is the author's opinion and not necessarily the opinion of the LLC or firm itself. Please feel free to send this information on to family or friends or associates but do remember one CAUTION not about this blog but in general about sending electronic mail. Electronic mail sent through the internet is not secure and could be intercepted by a third party. For your protection, avoid sending identifying information, such as account, Social Security, or card numbers to us or others.