多數人即使投資指數或好的基金，最終也跑不贏指數。人性使然。

來源: commonsense888 於 2024-06-29 07:47:21 [檔案] [舊帖] [給我悄悄話] 閱讀數 : (5356 bytes)

本帖於 2024-06-29 08:46:45 時間, 由普通用戶 commonsense888 編輯

轉：Between 1977 and 1990 – under Lynch’s stewardship – Magellan generated an average annual return of 29%. That was enough to transform every $1,000 invested at the start into more than $27,000 by the end of that 13-year run.

It’s one of the best long-term track records in the history of professional investing. And it’s practically unheard of in the otherwise mediocre world of mutual funds.

You’d probably assume that anyone smart enough to invest in Lynch’s fund made a killing. But you’d be wrong.

Fidelity （Magellan 是其旗下的基金）itself did some research. And the company’s findings were almost as stunning as Lynch’s track record.

Not only did the typical investor NOT make 29% a year – they didn’t make anything at all.

You read that correctly. During a stretch that saw the fund double every two or three years, the average Magellan investor lost money.

And this is just one example of an overwhelmingly consistent trend.

Most individual investors earn far less than the “average returns” of the stock market benchmarks.