Peter Mancell has spent 40 years guiding investors through all manner of investment market conditions.
In that time he’s learned many lessons. The second is not trying to outguess the market.
The market’s pricing power works against fund managers who try to outperform through stock picking or market timing. As evidence shows, only 23% of US sharemarket funds and 8% of fixed income funds survived and outperformed their benchmark between 1999 and 2018.
