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Good article about investors jumping into hot funds late and than selling after a bad year & missing out on reported gains. My experiences would verify that - but rare as mostly prefer to grind-it-out with funds held 10 - 15 years. On the flip-side, some successful "momentum" investors make a mint jumping on funds & trends early than bailing before the inevitable fall. Nice if you have the skills and stomach. Would appear from article this number is small. Might, however, make the case for "fund-of-funds" or allocation types - less likely to give a bone-jarring ride in either direction.
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