“How much money are you really making if your portfolio ‘beats’ the market?” Chris Hancock asked his Free Market Investor subscribers this morning.
“When the annualized returns (in local currency) of the world's 23 most developed markets are stacked up against one another, beating the S&P looks about as impressive as the Pittsburgh Steelers beating the Pittsburgh Panthers.”
“So the next time your broker assures you he can beat the S&P, you may want to listen. It shouldn't be that hard. The trick: Buy just about any other developed market index but the S&P.”
“When the annualized returns (in local currency) of the world's 23 most developed markets are stacked up against one another, beating the S&P looks about as impressive as the Pittsburgh Steelers beating the Pittsburgh Panthers.”
“So the next time your broker assures you he can beat the S&P, you may want to listen. It shouldn't be that hard. The trick: Buy just about any other developed market index but the S&P.”
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