Why Investors Underperform and How Not To
Fidelity’s Magellan had an average annual return of 29% and was the best-performing mutual fund from 1977 to 1990. During that same period, the average investor in that fund lost 9% according to Fidelity. Ken Heebner’s CGM Focus was the best-performing U.S. stock fund for the 10 years ending in 2008. Its average annual return […]