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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
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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.
