investor behavior

In this article, Michael Carrico, CFP®, CRPC®, Wealth Manager, explores the relationship between portfolio construction and investor behavior in shaping long-term investment outcomes.

Drawing on academic research and behavioral finance insights, the article examines asset allocation, investment selection, market timing challenges, and the “behavior gap” between investment returns and investor returns. It also outlines practical tools—such as investment policy statements and automation—that may support disciplined decision-making over time.