The active mutual fund managers are quick to point out the truth about the equity markets; The Market will Recover. That is true, it will recover from this “crash” just like it has from the 11 crashes before this one. While that is true, fund managers want you to assume that your actively traded mutual fund will recover with the rest of the market. That is not necessarily true!
Remember all of the technology funds that existed in the late 90’s? Most are gone and their miserable track records were erased along with the fund. This year we are going to see that happen again with a host of active funds that were disproportionately weighted toward the financial stocks. Those funds are hurting more than the broad market and will not recover when the market rebounds.
About steve
For over 17 years, Steve has been coaching clients in some of their largest personal financial decisions. Sound advice for financing new home purchases has earned Steve the trust of his clients. Steve also provides sound investment coaching for clients that share his conservative philosophy for investing savings.
Steve is an owner in two financial companies and he practices what he teaches. Steve is a coach to his clients. He believes that his clients' best decisions are the ones that they own and understand for themselves. Steve has implemented a process for equipping clients to make excellent decisions consistent with their own personal philosophy for investing.
Success through decisions based on convictions creates peace of mind. You can and should have peace of mind around all your financial decisions.
