What happens is when something does well, people throw money at it.
More Quotes from Scott Kahan:
People shouldn't chase returns. The average investor looks back at returns and buys based on performance. But people have to look at the worst-performing sectors, not the best-performing ones. That's where the smart investor goes.Scott Kahan
People who get hurt the most are buying a handful of stocks. People who have been throwing money at the SP 500 have to be disappointed now.
Scott Kahan
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.
Scott Kahan
It's been a hard lesson for some, and a good lesson for most people.
Scott Kahan
So look at the funds you own or ones you're considering buying. All that information can only make you a smarter investor.
Scott Kahan
When people buy the hottest stocks or the hottest funds, they end up having less and less diversification.
Scott Kahan
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