Editor’s Note: Phil DeMuth is a psychologist and investment adviser who has written for The Wall Street Journal, Barron’s, the Louis Rukeyser Newsletter, the Journal of Financial Planning, and forbes.com, as well as Human Behavior and Psychology Today. He also co-authors the “Yes, You Can” series with Ben Stein. The pair’s most recent critically acclaimed book, Yes, You Can Supercharge Your Portfolio! released last year. WEALTH magazine asked DeMuth what makes a smart investor and what anyone should be doing with their assets now.

WEALTH: How is your own portfolio doing after last year’s crash? What do you see happening in the market now? (more…)