respectively. If the conditions relaxed

Excellent how hard it is to fund long-term performance? May be able to glimpse signs from the following data: the data display, all in stock funds, in the past nearly five-year period (2011 up to November 17), annual performance rankings of top one-second camp Fund, only only only: a global perspective, it is a thing of the past five years ranked first overall performance of equityFund. Similarly, in a mixed-type Fund that all diablo 3 power leveling, each of these 5 years are among the top one-second only four of the Fund, its overall performance ranking over the past five years in the 1th, 3rd, 4th and 14th, respectively. If the conditions relaxed, in 5 years 4 years among the top five camps of stock and mixed-type Fund going? Results did not significantly improve, a total of 8 unitsTicket Fund and 18 mixed fund. This shows at least three things: first, the duration of most funds are very difficult to do good. Second, the cumulative distance run of outstanding sound performance, sustained performance in the industry on the occupied, at the time of fermentation is sufficient to stand out. For 5 consecutive years ranked among the top one-second of the above mentioned 5 funds, most never doAnnual fund performance champions, even little annual Top 10 finalists, but in long-term performance, showing remarkable. Third, short with outstanding achievement is certainly eye-catching, but sustainability is not strong. Annual champions of the past even the industry's first one-second can make it difficult to ensure continuous, how many of the gold content which is understandable. Main capital stocks (eleven-twenty fifths) Unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! So, why investors are still willing to pay for short-term champion? Book the smart investors such behaviour patterns have precise description: most investors are more likely to continuous rises to assume the direct purchase of fastest Fund.Psychologist proved that humans have an innate tendency to believe that through a series of results in the short term to long term trends to predict. In addition, you can see from our own experience, some baseball players are more likely to hit a home run, our favorite restaurant has been able to provide quality food, smart kids always get good marks. On our side, skills, Wisdom and industry can be recognized, rewarded, and something like this has been repeated.����Therefore, if a Fund better than the market, intuition will tell us that it will continue to have excellent performance. Unfortunately is that financial markets do not seem to follow the law. Like BartonPrecipitous cliff diablo 3 power leveling, but rely on rear-view mirror to recognize only as dangerous as the road ". That is why, as opposed to short-term performance, long lasting performance with the reference value, although it also is history, doesn't speak for themselves. Smart investors will choose on the long-term sustainability of the Fund, rather than short-term champion.