Why The Top 1% of Investors Outperform The 99%

Even in investing, the elite 1 percent are far better off than average investors, a new study shows. In fact, the wealthiest 1 percent of investors did 1.3 times better than the ninety-nine percent of investors, and those who attended a top 20 school did 1.6 times better than those who attended less prestigious schools. The wealthiest 1 percent witnessed average portfolio returns of 5.8 percent compared to the average return of 4.3 percent, according to a study from SigFig released this morning, a large portfolio optimization platform used by brokerage firms such as Fidelity, Schwab and Ameritrade. Those educated at…