Here’s a short video explaining why we don’t chase performance. Chasing performance would be looking back at which mutual funds had great years and then investing in those mutual funds thinking [hoping] their great performance would continue. Most times this isn’t the case, and at least not enough to even make this a sensible investing strategy. There’s good evidence to support chasing performance doesn’t win in the end, but what does win the end is diversification, low-cost, and patience.
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Michael Pensinger, CFP® is Owner and President of Pensinger Financial, Inc.
He grew up in Park Forest, Illinois and now resides in Lemont, Illinois with his wife, two children, and two dogs. Michael is actively involved in his community; coaching kids' sports, having served as Treasurer for the Lemont Area Chamber of Commerce Board of Directors, sitting on the Board of Directors for Hope & Friendship Foundation, and volunteering for the Lemont Heritage Woodland Sanctuary Open Space Committee. Read More Archives
October 2020
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