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Get Rich with Dividends, 2nd Edition
book

Get Rich with Dividends, 2nd Edition

by Marc Lichtenfeld
February 2015
Beginner content levelBeginner
240 pages
5h 34m
English
Wiley
Content preview from Get Rich with Dividends, 2nd Edition

CHAPTER 3 Past Performance Is No Guarantee of Future Results, but It's Pretty Darn Close

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. ...

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Publisher Resources

ISBN: 9781118994139Purchase book