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Upload a local PDF file and extract all images in the PDF file. You can directly download the output image files after conversion. No email address required to ... Not only does this illustrate how di erent assets do well in di erent periods of the economy, it shows that mutual funds have a hard time repeating their performance Indeed, if you study this 10-year period, you will see that not only did fund leadership change hands every year, but in the year following their top performances, many of these calendar-year champions oundered (Figure 13-9) The trouble that many investors get into is what s known as chasing fund performance They pick up a newspaper and read that a particular fund has performed the best in a given year, then put their money into the fund, only to discover that it has gone cold As we mentioned earlier, chasing fund performance can lead to terrible results in one s overall portfolio Having said that, there is one big reason why a fund investor needs to at least consider some aspect of past performance when selecting funds When investing in an individual security, whether stocks, bonds, or real estate, an investor is making a bet on an asset and the economy He or she is making a calculated guess that a business or piece of property will thrive at a given point in time And there are numerous objective ways to try to gauge this When selecting an actively managed mutual fund, however, you aren t just betting on an asset class (like technology or small value stocks) You are betting on the ability and discipline of another human being the fund manager to properly and consistently nd the best investments in that grouping Shy of moving in next door to this fund manager and looking him in the eye to see what kind of person he is, the only thing that retail investors can do is consider how this manager has done in the past What you re looking for isn t necessarily the best performer in a given period of time, since, as we just discussed, it s almost impossible for a fund. insert image in pdf online: Insert PDF Images. Search, Edit, Fill, Sign, Fax & Save PDF Online ... pdf image text editor online free Online Add, remove, flip, rotate Images in PDF document. Free PDF ...
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