投资不赚钱的真相：你缺的不是好标的

Core Viewpoint - The article discusses the psychological aspect of investing, likening the role of investment advisors to that of doctors providing comfort rather than concrete solutions, emphasizing the importance of psychological reassurance in times of market volatility [2][24]. Group 1: Psychological Effects in Investing - Investors often seek reassurance during market downturns, expressing a desire for confirmation that the market will recover, which reflects a need for psychological comfort rather than actionable advice [2][12]. - The concept of the "placebo effect" is introduced, highlighting how psychological factors can influence investor behavior and decision-making, similar to how placebos can alleviate pain through belief [3][10]. - The "nocebo effect" is also mentioned, where negative expectations can lead to adverse outcomes, illustrating how fear and anxiety can exacerbate market reactions [18][20]. Group 2: Investment Strategies and Behavior - The article suggests that many retail investors fall into a cycle of poor decision-making due to market volatility, often leading to premature selling during downturns [13][15]. - It highlights the long-term performance of index funds, such as the S&P 500, which historically yields annualized returns of around 10-12% over extended periods, emphasizing the benefits of a buy-and-hold strategy [11][12]. - The discussion includes the importance of dollar-cost averaging as a strategy that can provide psychological comfort by reducing the impact of market fluctuations on investment costs [22]. Group 3: Role of Investment Advisors - Investment advisors are compared to medical professionals, with the notion that their role extends beyond providing financial advice to offering psychological support during turbulent times [2][24]. - The article argues that while psychological reassurance is valuable, effective investment strategies should also focus on educating investors about long-term market trends and rational decision-making [23][24]. - It concludes that the combination of psychological support and sound investment principles can help investors navigate market volatility more effectively [24].