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URL:  http://boards.fool.com/bait-and-switch-quotive-met-many-smart-people-26533877.aspx

Subject:  Re: Withdrawal rates in retirement Date:  4/4/2008  10:30 AM
Author:  Hawkwin Number:  62125 of 78168

Bait and switch:

"I've met many smart people who have no idea how to manage investments. A professional money manager should be able to pay for himself by earning at least more than the individual would on their own by at least their fee amount."



Except that many professional money managers do not beat the market averages


The OP stated, "would on their own" not beat the market.

There