Mark introduces the IFA Step 6 painting, “Style Drifters,” and talks to Tom about the meaning of style drift. He walks through several charts that depict the style drift of various funds and concludes that style drifting doesn’t make sense, can be expensive, and can rob an investor of potential returns.
To see the "Style Drifters" painting in Step 6 of the 12-Step Recovery Program for Active Investors, click here.
Style Drift charts: American Funds Growth Fund of America A; Fidelity Contrafund; Legg Mason Value Trust
Style consistency chart: Vanguard S&P 500 Index Fund