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Step 1: Active Investors

investor earns less — in many cases, much less — than mutual fund performance reports would suggest.� Figure 1-5 illustrates the results of the 2014 Dalbar study, which includes a comparison of the returns of an average equity fund investor to the returns of the market from 1984 through 2013. Permitting their decisions to be driven by shortterm volatility, the average equity fund investor earned returns of only 3.69%, while a buy-and-hold investment in the S&P 500 returned 11.11%. An investment of $100,000 made in 1984 grew to $296,556 over the 30-year period for an average equity 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...

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