How an 8 Year Old Beat Wall Street
An 8 year old Coloradan beat the market with a simple strategy: he sunk his money into a total stock market index, a total international stock index and a total bond market index. Last year his portfolio returned 17.73% versus the S&P 500’s 15.79; over the last five years, his would have returned an annualised 9.74% vs. 6.19%; over the last ten years, his would have returned 8.08% vs. 6.42%. And it does better than 80–85% of the mutual fund managers out there, with very low costs.
