Beware hot funds
“More assets produce more fees, but they force managers to add more positions, not just Grade A ideas,”
Don't look back
“We were talking to a manager who just had capital taken away because the fund had a bad year. The investor said, ‘Your five-year numbers are not so good, so we are firing you.’ That sounds like the stupidest thing I ever heard.”Who cares about the trailing numbers if the fundamentals of the portfolio are good?”
7.4%
Average annual return from a 60 percent stocks, 40 percent bonds portfolio over the 20 years ending last June
12.6%
Average annual return earned by Yale's endowment over the same period
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1 comment:
Truly a nice share about successful investing. Millions of people invest but not everyone succeeds mostly due to lack of knowledge and proper strategy. I too will be investing but will like to get suggestions from a wealth management group Las Vegas for that.
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