Mark Hebner, CEO of Index Fund Advisors (IFA), gives his no-punches-pulled views on actively managed mutual funds to Henry Blodgett of Yahoo! Finance. He is of course "talking his book" since he heads up a $1.5 billion index fund management company. My perspective is this: the evidence overwhelmingly shows that, after fees, it is very likely that you will under perform the market with an active fund over the long run. So, why risk your retirement assets in this endeavor? Instead, if you buy into the long-term viability of the U.S. and global economy, then take advantage of the low-cost ways to participate.
The IFA website is worth a visit. Contains many useful resources.
Source: Yahoo! Finance
Disclosure: Information is presented for educational purposes and not intended as a recommendation.
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