NEW YORK ( TheStreet) -- When it comes to investing, don't even try to beat 'em, just buy index funds and join 'em, says author Rick Ferri.In his new book, The Power of Passive Investing, Ferri says the probability of a single actively managed fund beating a comparable index fund over any single year is 42%. He adds that the success rate drops to 30% over five years, 23% over 10 years and only 12% over 25 years.
Winning 'Active' Funds Don't Exist, Ferri Says
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