Why Investors Earn Less Than Their Funds, and the Small-Cap Surge

Robert Brokamp hosts Motley Fool Money, starting with market highlights, including the recent surge in small-cap stocks and a potential tax break on tips. He then interviews Jeff Ptak from Morningstar about the "Mind the Gap" study, which examines the difference between fund returns and the returns investors actually experience. They discuss how factors like cash flow volatility, fund volatility, and fees impact investor returns, and Ptak offers advice on how investors can improve their returns by minimizing trading activity and considering allocation funds. The episode concludes with a tribute to the late Jonathan Clements and a call to balance saving for retirement with enjoying life's experiences now.