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Chart of the Day: Beware of Chasing Performance

Crews Bank & Trust Wealth Management Services Oct 1, 2024
Blue bar graph illustrating the average ranking change across top ten performing stocks from the previous year.

Contents

Today’s Chart of the Day is from a Financial Times article called “Past Performance is a Public Enemy” and includes a chart provided by Schroders. It shows that the returns of top ten performing stocks in the following year, and all the years after, were negative.

The article goes on to say that in 13 of the past 18 years, not a single US stock that was a top ten performer in one year also made the top ten in the next. This reinforces that companies who win in the long run are often not the ones that are the best performers in any one year but are the ones that can grow sustainably in the long run. Trade wisely and know the odds are in favor of the “sell high” side of the old adage, “buy low, sell high.”
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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