Quote:
Originally Posted by Half Smoke
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interesting article analyzing how professional traders have fared compared to the S&P over the last 30 years
from the article:
"The figures tell a remarkable story. Over the full period, just 2% of actively managed Large-Cap Core funds beat the S&P 500. Even in categories such as small- and mid-sized stocks, and growth — which benefited from the tailwinds of an outperforming universe — a minimum of 81% of actively managed funds underperformed the benchmark. Overall, across all categories, 90% of actively managed funds underperformed the S&P 500."
https://www.evidenceinvestor.com/jus...he%20benchmark.
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All these "money managers" are right on par with used car salesmen.
I mean, they'll probably do better than the average person would do themselves, but that's not saying much.
You're paying for not much in the end...