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What counts is not how you do against the benchmark but whether the portfolio is producing the income and/or capital appreciation you need and expect.

Comparing against a benchmark is useful in gauging how your strategy compares to the averages in diverse types of markets and it can be useful in fine tuning your strategy.

The market average is not what the average investor makes. More accurately, the market average is not what the median investor makes. The median investor underperforms the market. Approximately one out of four investors beat the averages and the other three underperform.

February 20, 2011
Why Does the Average Mutual Fund Underperform?

I added V on the Brexit dip.

Denny Schlesinger
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