The above illustration captures everything ??
It’s sometimes futile to start analysing on the performance of our investments if the above 3 basics are ignored
Be it Index funds / ETF s / Stocks / Bonds / Real Estate / Mutual Funds / Gold etc. – the bottomline investor return is impacted (positively or negatively) due to the variance in the variables that I mention in the illustration
Investor Returns # Market / Scheme Returns
(are never equal to)