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Where Are Investors Chasing Their Tails?

Morningstar's investor return data can reveal which types of funds investors are using well, and which they are using poorly with mistimed purchases and sales.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com.

Morningstar's investor return data show that investors systematically undermine their own results with poor timing. Joining me to discuss that topic is John Rekenthaler; he is vice president of Research for Morningstar. John, thank you so much for being here.