Investing in technology is definitely exciting, but it is just as definitely difficult and uncertain which technology companies will become exponentially profitable and which will simply die. Today’s chart in the sectors category is titled “A tale of two tech funds” plotting the dramatically different performance between two of the oldest technology sector funds from Fidelity and an even older one now run by DWS. One argument for index investing is that it is difficult to know in advance which of these two managers, or their stock picks, might outperform the S&P 500, and buying 50% of each is likely to leave you simply underperforming by the amount of the active management fee.
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