The top 20 mutual funds of the past 10 years; Stifel’s third-quarter earnings
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
INVESTMENT STRATEGIES: Morningstar Direct ranked the highest-performing mutual funds of the past decade, and the top spots are dominated by funds focused on modern technology, particularly semiconductors.
For the top 20 funds, the average 10-year annualized return was 20.83%. Check out the full list of the top 20 mutual funds of 2013 to 2023.?
EARNINGS: An SEC investigation into off-channel communications on WhatsApp and other messaging services sent Stifel's overall earnings plummeting in the third quarter.
Still, the St. Louis-based financial services company managed to eke out promising results in an otherwise difficult quarter from its wealth management unit. That division saw a 6.6% year-over-year increase in its net income of $298.4 million for the quarter.
TECHNOLOGY: In unsupervised learning, AI is provided with data that doesn't have clear input-output pairs or labeled responses. Instead, the model looks for inherent structures, patterns or similarities within the data, often grouping similar data points together.
Consider trying to identify anomalies in a company's extensive transaction records. Using unsupervised learning, an AI system would sift through this data and group transactions by similarity. Any transaction that doesn't fit into a recognized group would be flagged. This is invaluable for detecting fraudulent activities that a typical rule-based system may overlook.?
Get the latest in wealth management and financial planning news here.?
?? Great insights! Remember what Warren Buffett said, "Do not save what is left after spending, but spend what is left after saving." Maximizing returns from mutual funds or leveraging AI in wealth management starts with smart, strategic saving. ???? #wealthwisdom #investmenttips