Openfolio, CNN and CNBC Collaborate to Highlight That The average portfolio is losing ground to the S&P 500

Gareth Jones

January 22, 2016

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Gareth Jones

With the 2016 stock market correction in full swing both CNN and CNBC have been referring to Openfolio's benchmark data to see how the average retail investor has been fairing. The answer: Retail investor -8.15% vs. S&P 500 -6.9%

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Results from Openfolio, a social network where investors share their ideas and platform construction, show its clients are underperforming the broader market. The results, culled from looking at a weighted average of 60,000 or so portfolios, reflect the difficulties facing the market this year. Read MoreHas the selling finally stopped? 10 ways to tell "Younger investors are doing even worse," said Maxwell Lane, a researcher at Openfolio. "The largest sector in our index is technology. Everyone's been taking gains in tech through this sell-off. That's really been driving our index down."

http://www.cnbc.com/2016/01/22/the-average-portfolio-is-losing-ground-to-the-sp-500.html