Over the past five years the total returns for STW (Index fund...

Over the past five years the total returns for STW (Index fund for the XJO) year by year were in percent:

-1.9, 20.7, 26.1, 23.5, 28.8.

Total returns for ARG over the past five years, year by year were in percent:

9.6, 8.2, 19.8, 32.7, 19.1

Cumulative returns for each stock using $1000 base for the five years were:

1. STW - $2416.457899
2. ARG - $2068.312254

So, ARG by concentrating in the "right stocks" would have returned an investor $345 less on his $1000 than the same money invested in STW.

Believe Warren Buffett - invest in an index fund.

Cheers
Red