coach d wrote:
Once again, that's why you learn how to invest and invest in stocks, not mutual funds. Mutual funds are for people who don't know what they're doing.
Aren't mutual funds run by people who "know what they're doing?"
"For as much as people can complain about the performance of their mutual fund managers, the truth is that, on average, their own experiences running money produce worse results.
Obviously, that statement doesn’t apply to the sharpies who crow on chat boards and in online communities about the killings they are making, but those guys never produce audited financial statements and if you’re reading this, you aren’t trying to invest the way they do anyway.
But new research out from Morningstar Inc. shows that investors routinely get less return managing their funds than those funds get from managing stocks, bonds and other securities."