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Why it is hard to beat the stock market
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While it is possible to beat index funds, it is not easy to do over the long run.
PHOTO: AFP
Jeff Sommer
It is very hard to beat the stock or bond markets with any regularity.
Each year, some investors manage to do it, of course, but can they do it consistently? A new study of actively managed mutual funds by S&P Dow Jones Indices asked that question and came up with a startling result.
