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This was South Africa’s best performing unit trust in 2021. You’ll never believe what happened next…
You may not want to know what happens next. Unfortunately, in the investing world, being overly curious and adventurous can be hazardous to your wealth. Over the last few weeks, the financial media has been on a blitz campaign to promote the best performing funds of 2021. The marketing machines will be working overtime to make sure the investing world knows just who has shot the lights out. The awards and praise will follow. As potential investors in these funds we need to ask if we are impressed by short term performance, headlines, and awards or by sustainable long-term outcomes?
In this months comment we explore the pitfalls of relying on the news for investment decisions.
