Retail investors with diversified portfolios (e.g., 60/40 allocations) should not benchmark their performance against concentrated indices like the S&P 500 or NASDAQ 100, as doing so creates false expectations and psychological pressure to abandon their actual investment strategy.

normativepending

Speaker

Ben Carlson

Evidence Quote

people with a 6040 portfolio in retirement can't be judging their portfolio against uh the S&P 500 or the NASDAQ 100 and assuming that that risk profile matches what they're investing in

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

My Notes

Loading notes...