The market outperforms 75% of fund managers
It is widely accepted that over the long term the market will almost always outperform any given fund. The problem with that is the market does on average 8% a year, and well at that rate we will all have to wait until we are old and wrinkled before we invest our way into the seven digits. Below are images courtesy of Morningstar and Vanguard that demonstrate the findings of their study in 2002:
Now with that being said, I am sufficiently stubborn enough to believe that I can in fact buck the market. I haven’t been an investor long (since 2005), but out of the 10 picks I have made since then my performance hasn’t been all that bad (notably AAPL 376% gains and FCX 47% gains), and at the moment I stack against the market 73% to 28%. Not bad, eh? Since I’m saying that I can consistently beat the market, I will let you hold me to that by tracking my progress. If you visit my market breakdown page I will provide you with some neat little graphs to watch my picks against the market. Oh, and just for the record, I follow all the compliance rules of my firm and as a disclaimer I definitely don’t recommend buying what I do. Until I start getting paid to manage peoples money I am but an amateur.
