People tend to believe that whatever is doing well at the moment will always do well. In the 1990s everybody said value investing was dead and never to return, but managers who stuck to their guns obviously proved that wasn't the case.
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What happens is when something does well, people throw money at it.Scott Kahan
It's been a hard lesson for some, and a good lesson for most people.
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Even though he is not eligible for the 401K, he can allocate this money into his non-qualified investments and then stop those savings when he starts his 401K.
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It looks like he can save a lot of money each year since he has low expenses.
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A lot of people just look at how the fund did last year and the Morningstar stars, but that's just the tip of the iceberg.
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