The last decade has been a challenge for many investors, especially those investing for the long-term and retirement.

Given declines in global stock markets, many investors have seen little to no real growth in their portfolios over this period. For example, $10,000 invested in the S&P 500 Market Index in 2000, was worth just $10,681 at the end of 2011. And this does not take into account inflation, investment fees and taxes.1

This White Paper explains why investors’ portfolios may underperform in both bear and bull markets and incur substantial costs in the process. It also details the impact this chronic underperformance can have on achieving long-term financial goals…

Read the rest of this post by downloading the attached PDF.