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By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, Michael Hill International Limited (ASX:MHJ) shareholders have seen the share price rise 70% over three years, well in excess of the market return (1.9%, not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 25% in the last year...
>>> Read more: Investing in Michael Hill International (ASX:MHJ) three years ago would have delivered you a 99% gain
>>> Read more: Investing in Michael Hill International (ASX:MHJ) three years ago would have delivered you a 99% gain
