AAII’s Top Funds Guide
To the Editor:
You use the term “yield” and spend a paragraph or two explaining how you define the term [in the “Guide to the Top Mutual Funds,” February 2011 AAII Journal]. Yield, to a major corporation, has to do with the earnings over a specific period of time. These earnings are achieved by, primarily, the normal function of the business. Yield defines the success (or failure) of said business based upon its stated operations for the period.
Does my concept of yield differ from yours? I assume that allotting a column to “yield” means that you consider it important. I know it is important in my understanding of the stock market.
Robert C. Campbell
The Editor Responds:
The yield information presented in our Top Funds Guide differs from the equation used to analyze the success (or failure) of a business.
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