It’s that time of year when financial advice sites issue their lists of the “Stocks to Buy for 2017.”
Before you take them up on their suggestions, let’s look at how well such portfolios did in 2016.
The portfolios of stocks they were telling you to buy generally did much worse than the stock market over all. The results underline what many personal finance experts recommend: Invest in a broad, low-fee mutual index fund. (The Times’s “Your Money” columnist wrote more on this here.)
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