The selection of the right investment fund is extremely problematic, as these decisions are based on historical facts. On Moneywatch.com I have an interesting article Performanche about the famous and highly successful Fidelity Magellan Fund found. Peter Lynch has managed funds 1977-1990. The Fund reached in this period, a performance of 26% pa and the benchmark S & P500 a yield of 13% pa investors who chose the fund but must have acted very wise!
Unfortunately, however, has the average investor, the market return is not achieved.
is How is that possible please?
The fund was closed from 1963 to 1981. At that time the fund was very small and was only used to build a so-called Track Reckord. After the opening to the public, the Fund still reached a performance of 13% pa and its a performance benchmark of 16% pa In 1990, Peter Lynch with 46 alone!
From 1990 to mid 2010, the Fund reached 7% per year, slightly less than the S & P 500.
The largest inflows to the funds poured after retirement Mr. Lynch! Years ago I read
times the saying that the choice of a fund because of its past performance to draw the attention of a car using only the rear view mirror is like.
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