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Top 400 Americans would have beaten themselves by using an S&P 500 index fund
MarketWatch reports that the 400 richest Americans would have collectively done better over the past 12 months if they had invested their net worths in an S&P 500 index fund.
The outlet frames the result as evidence that even the wealthiest investors cannot consistently outperform a broad market index, based on performance over the same 12 month period.
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