Beating the stock market consistently is very hard to do. Yet many fund managers are making ludicrous amounts of money for trying to do so. This is largely a function of their asset-gathering business models, which rewards them handsomely for managing lots of other people's money. In my opinion, fund managers should only be paid for outperforming the market they are benchmarked against.
My self-managed Fantasy Sipp is holding up well against some well-known quality funds. It has taken a bit of a hit from the performance of Smith & Nephew (SN.) and McDonald's over the past week, but I'm still happy to hold both companies. I explain why in this week's round-up along with analysis of four more companies.
