Spiva comes to town: Should we all be index investors?
ANALYSIS: Make sure your adviser correctly benchmarks your active shares’ performance so you get important feedback as regards the extent of the cost or benefit of ‘having fun’.
Just owning an index fund is not optimal for everyone.
The last column looked at some lessons the S&P Indices versus Active (Spiva) paper – and the rationale for indexing generally – has for retail investors, most of whom can’t afford too many big investment mistakes.
As index funds have low fees and many are widely diversified, thereby addressing
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