West Loop Financial LLCThe Real Danger In Overstating Returns (Like PIMCO) – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 The Real Danger In Overstating Returns (Like PIMCO) https://www.westloopfinancial.com/2014/10/13/the-real-danger-in-overstating-returns-like-pimco/ https://www.westloopfinancial.com/2014/10/13/the-real-danger-in-overstating-returns-like-pimco/#respond Mon, 13 Oct 2014 09:00:30 +0000 http://evolvemypractice.com/?p=1384 As if PIMCO needed any more bad press, The Wall Street Journal reported this week that the Securities and Exchange Commission is investigating whether the bond giant “artificially boosted the returns of a popular fund aimed at small investors.” While we should all be attentive to the results of this probe—because I’d bet my lunch...

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]]> As if PIMCO needed any more bad press, The Wall Street Journal reported this week that the Securities and Exchange Commission is investigating whether the bond giant “artificially boosted the returns of a popular fund aimed at small investors.” While we should all be attentive to the results of this probe—because I’d bet my lunch money that its implications will be felt beyond just PIMCO—there is an even deeper issue to consider. And this issue has a more direct impact on our individual portfolios and money management choices. The real danger in overstating returns, and indeed the root of most financial missteps, is self-deception.

“How’s your portfolio?”

Who among us wants to feel like a failure? We’ll generally avoid experiencing this sensation at all costs. So, absent conspicuous success, we permit ourselves to believe that we’ve at least not failed, frequently through self-deception.

Read the rest of the article on Forbes.

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