Don’t Try To Pick A Winning Fund Manager
In the realm of investment advice, no question gets people more riled up than this:
What’s the best way to beat the market?
There are two kinds of answers –– those from people who believe individual investors actually can beat the market and have any business trying, and those from people who find the notion downright ridiculous.
In a recent tete-a-tete, wealth manager and author Daniel Solin takes on Investopedia’s Michale Schmidt, who recently wrote a post purporting to help investors “choose a fund with a winning manager” in order to better their odds at beating the market.