投资不赚钱的真相：你缺的不是好标的

Group 1 - The core idea of the article revolves around the psychological aspect of investing, likening the role of investment advisors to that of a doctor providing comfort rather than concrete solutions [6][7][8]. - The concept of the placebo effect is introduced, highlighting its relevance in both medicine and investing, where psychological reassurance can lead to improved investor sentiment [10][15]. - The article discusses the long-term performance of index funds, specifically the S&P 500, which has shown annualized returns of approximately 12% over the past decade, adjusted for inflation [16][18]. Group 2 - The article emphasizes that the common mistakes made by retail investors often stem from emotional responses to market volatility rather than poor investment choices [15][18]. - It points out that many investors tend to panic during market downturns, leading to premature selling, which can hinder long-term investment success [19][21]. - The concept of "anti-placebo effect" is introduced, illustrating how negative news can amplify investor fears, resulting in irrational decision-making [24][25]. Group 3 - The article concludes that while psychological comfort is a basic function of investment advisors, their true value lies in helping investors maintain a rational perspective and avoid destructive behaviors [27][28]. - It suggests that a balanced investment strategy, such as a classic stock-bond portfolio, can serve as a psychological comfort while also managing volatility [28].