Fair Shakes For Fund HoldersRobert Barker
You usually do get what you pay for. Unless, that is, you're paying someone to pick stocks or bonds for your mutual fund. Over the past three years, for instance, just one-third of the funds in Morningstar's database beat their benchmarks after adjusting for risk. Managers of all the other funds got paid for giving investors lower returns than they would've received from index funds.
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