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interesting enough the fidelity version of their total market had more typical results .
investor returns over 15 years was 4.84 vs 5.13 for the fund.
it looks like vanguard seems to have more active traders on their total market fund that got luckier and timed their buys and sells better.
it has nothing at all to do with vtsmx being a bigger more diverse fund ,it only has to do with inflow and outflow timing.
in fact the 10 year returns showed the same results. a lot more trading and a lot better timing.
in fact what i said above is evident in vfinx's returns.
fund returns over 15 years were 4.36% , investor returns were a mere 2.29%. what a whopping difference in investor ability to call things right. you can clearly see the s&p 500 fund investors as a group got it wrong very badly .
that is unskilled investors bailing out of 401k's at the wrong time as opposed to the more savy group that tended to own the total market funds.
clearly as a group vanguards total market fund investors are not in the buy and hold camp and seem to be quite good at doing what they do compared their less savy cousins in the s&p 500 funds..
Last edited by mathjak107; 06-05-2014 at 04:00 AM..
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