FYI: Mutual funds have always been a leap of faith. You pool money with other investors, wanting professional management and diversification at a reasonable price, and hoping for performance that beats an average and/or a market index over time.
With Leap Day this Monday, investors have a unique way to review their leap of faith into mutual funds, namely by looking at how the fund did from Feb. 29, 2012 — the last Leap Day — to this one.
Regards,
Ted
http://www.marketwatch.com/story/how-leap-day-can-tell-you-whether-to-dump-your-mutual-fund-2016-02-26/print
