Magellan’s woes: It isn’t easy to beat the index

Once upon a time there was a mutual fund named Fidelity Magellan that seemed to do no wrong. Under the leadership of its dynamic portfolio manager, Peter Lynch, the fund racked up an eye-popping average ...

Muzzle your urges, boost your return

The stock market has delivered an average annual return of 12.9% over the 20 years ended in March, and individual investors have had access to plenty of decent stock mutual funds that have come close to ...