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.
More Quotes from Scott Kahan:
In sector plays, you should buy after a down period, when the numbers look terrible. But when you look at a fund, if similar funds have done well and one fund has done poorly, you don't use that logic.Scott Kahan
When people buy the hottest stocks or the hottest funds, they end up having less and less diversification.
Scott Kahan
If he saves 2,500 between his 401(k) and outside savings, which he plans to do, this will grow to 526,450 at 8 percent over the next 11 years. The IRA rollover would add an additional 385,000 by age 57, bringing his investments, not including real estate, to over 900,000.
Scott Kahan
People look at technology like it's a shining star, but it's no different than any other sector. A few good years can really pull up the averages. But a few bad years can really pull down the averages.
Scott Kahan
People may have a better feeling psychologically than they did at the end of the year. They're a little more comfortable. So this is a good time to do a self-assessment.
Scott Kahan
What happens is when something does well, people throw money at it.
Scott Kahan
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Based on Topics: People QuotesBased on Keywords: morningstar
I'm not of this generation.
Charles Manson
They are imported by companies, controlled as serfs, worked like slaves, and at last go back to China with all their earnings. They are in every place, they seem to have no sex. Boys work, girls work; it is all alike to them.
Denis Kearney
He who loves, flies, runs, and rejoices; he is free and nothing holds him back.
Henri Matisse