February 2015
Beginner
240 pages
5h 34m
English
No doubt you've seen loads of advertisements for mutual funds that tell you how much money their funds made but then warn you that past performance is no guarantee of future results. Just because a fund is up 10% one year doesn't mean the managers will be able to repeat the feat the next.
In fact, quite often, top-performing mutual funds will underperform their benchmarks and their peers in the future.1 According to a study by Baird, 85% of the top quartile of mutual fund managers underperformed their benchmark by one percentage point or more over any three-year period. And 50% underperformed by three percentage points.
But that's not necessarily the case when it comes to Perpetual Dividend Raisers. ...