Over a five - year period, 97 % of
the professional money managers underperform their index after fees and taxes!
Ignoring (or worse, being ignorant of) the fact that even the vast majority of
professional money managers underperform the markets, Joe Six - Pack starts placing trades believing he has the ability to beat the odds.
Not exact matches
While any commission - based mutual fund salesmen will probably tell you otherwise, most
professional money managers don't make the grade either, with the vast majority
underperforming the broad market.
But the vast majority of
professional money managers actively attempting to beat their respective benchmarks also have demonstrated a persistent propensity to
underperform.
That advertising and marketing strategy has worked very well at getting Americans to fork over their hard - earned
money to
money managers, brokers and other financial
professionals for them to
underperform the Index on their behalf.