Did you know that while the S&P averaged 10% a year over the last 30 years, an average investor only did 4% a year? To date, most average investors earn below average returns because of underperformance. Now, what are the factors that cause them to lag the market? How to correct these to avoid a further meltdown?This week in the No Payne, No Gain podcast, Bob and I will talk about the top reasons why most investors get below average returns and how you can avoid making the same mistakes on your own investment. Also, we will reveal the people you have to be aware of who come with good intentions but give you bad financial advice.As always, we will reveal the best and worst advice from the financial media in this week’s financial propaganda. And lastly, for our spotlight segment today, we have our financial advisor at Payne Capital Management, Aaron Dessen. He will take charge of the show to break down a real retirement plan for you.This episode is not one to overlook, so tune in to the No Payne, No Gain podcast now! Below Average ReturnsIf there’s one dirty little secret you should know beforehand about the financial world, it is that most investors actually fail. Most of the time, these failures have nothing to do with the stock market but merely because most investors continue to make poor financial decisions.[02:57] – When things are volatile, just like the Coronavirus outbreak, the toughest thing to do is to do nothing but sometimes that's just the best strategy.[05:09] – Think about your money as a bar soap. Never buy and sell a lot because there are transaction costs and taxes to be paid. In the end, you're slowly diminishing those long term returns with all the transactions that you're executing.[06:36] – Never ever sell stocks in a down market.[07:39] – Bob quotes one of the wealthiest people on the planet, Warren Buffett: “Be fearful when others are greedy and greedy when others are fearful.”[08:03] – Science works. Ryan says it's been academically proven that a disciplined approach to investing delivers better returns.[08:39] – Always have a diversified portfolio. It’s two steps forward, one step back, and that one step back is for rebalancing, not for panic. Good Intentions Matched with Bad AdviceOftentimes, we run to the people we trust when we need a piece of sound advice, financial advice perse. First in line would be your family and friends, sometimes your accountant and so on. Maybe it's time you should start considering taking a detour and run to the nearest financial advisor alternatively.[13:08] – Your family surely has good intentions for you but they could also be giving you bad financial advice.[14:06] – It’s best to spot that your financial situation is so much different than everybody else's. Unless someone grasps all the nuances of what's going on with you, any advice given to you can be blanketed and what may be relevant to them might be completely wrong for you.[15:13] – Friends are the worst because friends love to tell you about the winners, but not about the losers.[16:18] –CPAs are not necessarily the ones who are going to give you the best advice when it comes to your money because a lot of times they give very dangerous advice.[17:22] – Don’t go for the jack of all trades when it comes to getting financial advice. You want to have your accountant, your financial advisor, your estate planner all working together and not commingling their advice.[18:24] – The worst culprits are the financial experts on TV. They're not worried about your financial situation rather they're thinking about how they can be the most provocative and get the most viewership that's in complete contrast to what your financial goals are. Financial Propaganda of the WeekOccasionally, Bob and I scour the daily financial news which only offers obscene and profane financial guidance and offers ill-advised financial decisions that you think are helpful but let’s face it, it’s time to expose the facts. Here’s what we have for this