Is There a Better Way to Manage Your Investments?

If you have over confidence, you're more likely to jump in the deep bend too soon on complicated investments that are far from passive. I think you're also more likely to try to tim the market. 86% of domestic equity funds under perform their comparison index for last ten years. You would be better off by just buying the index itself than trying to pict the active manager whose mandate was to go out there and bea the indate.