This is my first attempt at a video post, so it's a bit crude; but I hope viewers will bear with me. In reviewing it, I see I emphasized the trading costs of active mutual fund managers; but I should point out that would also be true of any manager who engages in active trading.
Thoughts and observations for those investing on their own or contemplating doing it themselves.
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Tuesday, March 9, 2010
What it costs.
Posted by Robert Wasilewski at 3:22 PM
Labels: investment costs
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Enjoyed the video, good first effort. I've been pretty good at picking mutual funds that have beaten the market, but haven't that nasty capital gains surprises that come in late December. After taxes I'm probably still beating the market long-term, but of late I've been shifting my resources over to low-cost index funds to cut down on the turnover and expenses.ReplyDelete
Thanks for the feedback. I beleive you are moving in the right direction. Charles Ellis talked about the futility of active trading decades ago but the average investor out there refuses to accept it.ReplyDelete