E.D.Hart

Judging Fund Performance: Part 2

It would be intesting to see what effect subtacting expenses and fess would have on the comparisons made in your excellent analysis. Would the etf +4 portfolio come out ahead after 3 years, compared to the two mutual funds?

We dont normally (most people anyway) think of risk as a "cost", but it definitely is, as you frequently indicate. But is volatility the same as risk for sufficiently long time frames? My answer is no. Still, with volatility slated to increase and returns expected to decline, this is a lesson worth repeating. Thanks.