Quote:
Originally Posted by Perfectlap
and as far as the actual performance part of the equation, consider this scathing analysis of mutual fund 'managers'
[URL="http://www.zerohedge.com/news/2013-04-29/wall-street-rentier-rip-index-funds-beat-996-managers-over-ten-years"]S&P 500 index funds beat 99.6% of fund managers over 10 years-- Number of fund managers that beat the S&P over the past 5 years: 5[/URL]
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I think you and I are on the same page, PL. One of my best friends' husband is a fund manager and he's just thrilled when he beats the index by 3%. This is considered very good in his circles. I just
because I know it all gets eaten by fees.
Earlier in this thread, someone mentioned Berkshire B stock and I think that is as close to a no fee "fund" as you can get, without buying an actual mutual fund. A diversified mix of businesses, active management, and their lows are not quite as bad as the Dow 30 lows. It's a thought . . .