Ed McKnight: The dangers of chasing winners

Sometimes what seems like the best option isn’t always the best.  When it comes to investing and KiwiSaver, it may seem like frequent swaps to whatever seems to be bringing in the best return is a good decision, but that may not be true.  A recent study looked at what would happen if someone switched their fund managers every year, moving to the company that got the highest return over the last twelve months – turns out, they’d actually make less than if they’d stayed.  Ed McKnight joined Jack Tame to chat about the study and the dangers of chasing winners.  LISTEN ABOVE See omnystudio.com/listener for privacy information.