Money Myth #2: Why Past Performance Doesn’t Predict Future Returns

You’ve seen the headlines: “Top 10 Stocks of the Year!” or “5-Star Funds to Buy Now!” But here’s the truth—investing in what’s recently done well often leads to disappointing long-term results. In this episode of Millennial Money Moves, we’re joined by Kenny Gatliff, CFA® and busting the myth of “track record investing” and digging into why chasing past winners, whether it’s hot stocks or 5-star Morningstar funds, can actually leave your portfolio worse off.

We break down:
✅ Why past performance is a terrible predictor of future returns✅ The surprising data behind Morningstar ratings and their lack of predictive power✅ The psychology of performance chasing (and how to fight FOMO)✅ Smarter ways to invest for long-term growth

If you’ve ever been tempted by a shiny 5-star fund or a top-performing ETF, this episode is your wake-up call.