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Authored by: Wol on Tuesday, September 25 2012 @ 07:04 PM EDT |
Look at the poster before you. The *typical* (not average, typical) managed fund
underperforms the market. It's the *exceptional* fund that beats the market.
Seriously, you'd probably do better sticking a pin in a list of blue chips and
buying ten of them at random, than you would do buying a managed fund.
The previous poster's example of the fund managers losing the entire fund in
three years will strike a raw nerve with MANY people here.
One only has to look at DCFusor's occasional posts about the market here. He
knows fund managers act like lemmings (they're handsomely rewarded for it), and
he can skim a nice little bit of cream off the top. Rinse and repeat and he
makes a nice little living off it. My mum does a bit the same - she holds long
term more, but she picks good, out-of-favour stocks and easily makes three, four
hundred percent over a couple of years.
Cheers,
Wol[ Reply to This | Parent | # ]
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