Consistent little wins creates wealth (#495)

Simon Shares Results are pouring in, food producers are struggling. Coronation (JSE code: CML) results with DY of over 10% and PE ±9X. Snap Inc (NYSE code: SNAP) profit warning. It now trades at half its listing price. Current under recovery in petrol price is 236c, + the 150c fuel levy suspension means we could see a 386c increase in June to over R25 a litre! What's your fav ETF? We ask our readers, Rochelle is first up and likes an offshore ETF with a monthly dividend payment of almost 1%. Hello Eskom, best budget power banks. Slightly better than average is enough Investors and traders love big winners. That 10 bagger that happens in a matter of months or maybe a few years. But by consistently hunting for those big winners we're taking larger risks. We're better off aiming for the modest winners. Beating your benchmark by 2% a year sees you with almost 50% more after twenty years. A recent Planet Money Podcast, Investing in mediocrity, talks about a fund manager who only ever aimed to be in the top third of all funds. After a decade of succeeding at that, they were the top fund over ten years.