When to Buy and Sell Mutual Funds

The equity markets have been choppy over the last year and a half.  Last year we had one of the worst Septembers to immediately be followed by one of the best Octobers. January 2016 started with a large cap pullback in the 5% range to have the markets rebound close to 6.5% in March. [1]

When these market upturns and downturns occur, clients and participants of retirement plans often ask why their portfolio return is different from the total return reflected on a mutual fund fact sheet.  Before answering the question, a person first needs to understand the difference between total return and investor return within a mutual fund.  Continue reading