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Which is Best - Active or Passive, ETFs or Funds?
Money For the Rest of Us
The Importance of Past Performance in Investment Management
Past performance is no indicator of future returns. If you pick the best performing funds over a five year period and hold those, do nothing else. As a discipline, historical performance should be one factor of many that you look at as an investor. And it's unfortunately there is always a propensity to performance chase which does ultimately destroy value.
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