http://www.scribd.com/doc/160867806/Michael-Lathigee-Tips-Most-Investors-Have-Unrealistic-Expectations - Mike Lathigee writes that most investors today never saw crash of 1929 and the subsequent depression. Instead, their benchmark memory is the dotcom bubble of 1990, which saw some stocks increase 200 and 300 percent over a span of days. Unfortunately, time has faded the pain a lot of people felt when that bubble popped and they just remember the heady rush of that glorious ride.
With that kind of memory, many of today's investors are hanging out in false hope for the next magic ride. Michael Lathigee calls this "wishful investing." We wish the market would have another rush that we could ride and that would give us high double-digit returns and solve all our financial woes.
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