3) Weighting by
mutual fund assets tells us how well investors SELECT their mutual funds.
Not exact matches
Calculating the numbers from point A to point B for a stock,
mutual fund, ETF, individual money manager or any other
asset class does not necessarily
tell the whole story.
This surprises most people, because the investment industry gives far more attention to
telling you about hot stocks and
mutual fund performance rankings than to explaining the critical importance of
asset allocation (that is, how much space you make in your investment garden for stocks versus how much room you allocate to bonds).
5) Weighting by
mutual fund assets does NOT
tell us about how well investors TIME their purchases.