Why Investors Underperform and How Not To
Even with top performing mutual funds, investors can be their own worst enemies and find ways to underperform. 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 […]