Here is a quote from the link I suggested in the last reply. After reading it, do you still feel the same way about managed mutual funds?"Over the past 15 years, for example, mutual fund fees and operating expenses, sales charges and transaction costs, opportunity costs, and the horrendous tax costs—generated, in turn, by grossly excessive portfolio turnover—have consumed nearly six percentagepoints—one-third—of the stock market's return of 18% per year. (It would take a truly remarkable money manager to leap that six-point hurdle for 15 years in a row!) In the last year alone, all-industry costs absorbed an estimated $120 billion of the returns earned by mutual fund shareholders—an astonishing figure."
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra