Terry Savage: Don’t try to beat the market; be the market

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Terry Savage: Don’t try to beat the market; be the market
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Since the start of the year, the S&P 500 is up about 14%, as we near the end of September.

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It was primarily led by a few big tech stocks , so you could have easily beat the average numbers by owning just those tech stocks.This is the time to evaluate your performance this year. Check online, or the third quarter statement for your brokerage account or 401 will be arriving in the mail any day.

Yet 60% of all active large-cap U.S. equity managers underperformed the S&P 500! Darts, anyone? And the longer-term picture for active managers is even more dismal.

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