22 May 2020
Past performance is never indicative of future returns. If you'll look at tech companies for instance, their performance was rather stagnant for a decade. That's because the technological boom hasn't happened yet. Right now we live in a digital age and they are booming now.
No one can predict accurately what the next trend is, neither is timing the market the best. And past trends can remain a thing of the past. You never know. Financial planning is an integral part of life. You can reach me here to find out more.
Since past performance is already recorded, hence these data are accurate.
However, there is zero accuracy in using such data as a prediciton for current or future performance. This is because investment yields non-guaranteed return only. This is also the reason why we will say that "past performance is not an indication for future performance".
Instead, you may wish to understand the fundamentals of the fund, and whether it possesses the right quality to perform for the future.
I share quality content on estate planning and financial planning here.
Hi Anon, accurate for what sense? The numbers posted are accurate because they're facts. But it just...
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