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Step 1: Active Investors

who try to time their investments.” The report has shown for the 20th time in as many years that “the average investor earns less — in many cases, much less — than mutual fund performance reports would suggest.” Figure 1-5 illustrates the results of the 2018 Dalbar study, which includes a comparison of the returns of an average equity fund investor to the returns of the market from 1998 through 2017. Permitting their decisions to be driven by short term volatility, the average equity fund investor earned returns of only 5.29%, while a buy-and-hold investment in the S&P Figure 1-5

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...