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<< Read Full Article
"Performance chasing" as a strategy for selecting mutual funds is seldom if ever a good idea. In 2008, it was a disaster.
Subscribers to "trend following" investment techniques need only look at the accompanying table for compelling evidence that the strategy can easily lead to disaster.
The table includes the 21 non-leveraged retail stock mutual funds that gained more than 50% in 2007. The momentum of each collapsed, unable to withstand the grasp of the 2008 bear market. ...
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