Why is "average" good in the stock market? Because if you buy
a stock index fund to ensure that you will earn average returns, you know you
won't do worse than average. Money Magazine (Aug'16) discusses mutual funds
that were top performers for many years but in the last 3 years were
in the bottom 1% of all their peers. People who jumped into these funds 3
years ago are licking their wounds. Why is average good? Because average is
something you can count on.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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