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Does fund selection really decide your outcome?

Not as much as the search for the top performing fund suggests. FinEdge's published position is that resilience — the ability to stay invested — is the more important determinant of a long-term outcome than selection.

15 November 2023

What this covers

The published note on this video is unusually blunt: chasing the top performing fund can cost you on long-term returns. The cost is not the fund; it is the switching, the timing and the interruption that chasing produces.

The alternative it proposes is building resilience — the capacity to keep contributing through poor stretches, which is what allows compounding to do its work at all.

The fund you can stay invested in usually beats the fund that looked best last year.