Mar 8, 2016

Today on Mastering Money, Steve and Sinclair examine "style drift" among mutual fund managers, using research from former Morningstar analyst John Courmarianos. Courmarianos  studied 106 funds that drifted from their original style box on Morningstar, and found a mutual fund that has more than doubled the S & P 500 since 2000. In the Q & A Steve answers questions and clarifies how it is possible to average an 8.43% return over 20 years, withdrawing only 5%, and still run out of money in a traditonal equity portfolio by the 21st year. Learn how the math works.