Past Performance
We can all agree that past performance is, at best, an unreliable predictor of future success, yet a fund's successful past performance is exactly what most financial consultants tout in the mutual fund sales process. All of my studies suggest that past performance - even successful long-term performance - has all the predictable success of a coin toss! This topic is dedicated to clearly proving this failure.
- Review a 99-page report of the annual in-category performance of all 4,235 equity funds during the last ten years, grouped by category,
- Take a critical look at fund family loyalty, and discover who deserves it and who does not!
- Learn the odds of repeating top performance
- Recognize the pain of great performance and the false satisfaction of poor performance
- Discover the best all-weather funds from the bull to the bear to the recovery
- Find out who beats the S&P 500 in a market recovery
- Learn what categories lead out of a bear market
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