Apart from WEB, can you name twenty-five other professional money managers that you would recommend to people, and who would be available for someone with say 50k balance and expected 12k year contribution?Of course not. But I can probably name 25 people I've met throughout the past 5-10 years with college degrees who don't know what an index fund is and are keeping their money in cd's because they don't know what else to do with it. I wasn't saying that any or all professional money managers beat the returns of the indexes they try to beat by 1% or more - I was saying that some people just have no clue what to do with their money that even if a money manager took their $, put it in an index fund for them, and kept an admittedly ridiculous 1% fee for doing so - that person would be better off than being on their own. I was making a comment about how ignorant many otherwise intelligent people are about investments, not praising the advisors.
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