Made to Stick: The Myth of Mutual Funds

Fastlane-News · Aug 26th, 2008, 08:50 PM

Let's pull off the Band-Aid quickly. You've come to believe that mutual funds are a smart place to put your money. They're not.

That's the assessment of the smartest minds in finance, supported by a mountain of historical data. If you own actively managed mutual funds, you will almost certainly retire with less money -- a lot less money -- than if you'd simply dumped your money into boring index funds. So two questions: How can this possibly be true? And why, in gleeful defiance of the data, do more people keep buying mutual funds every year?

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Runum · Aug 26th, 2008, 09:33 PM

YES, finally someone outside of this forum speaks the truth. Wow fastlaners, there is intelligent life outside of our world.

andviv · Aug 27th, 2008, 10:26 AM

I definitely like this magazine a lot. And the authors write nice articles, so I will probably pick up their book soon.

Aug 26th, 2008, 08:50 PM	#1 (permalink)
Fastlane-News Level: News Scavenger Joined: Aug 2007 Posts: 912 Thanks: 0 Thanked 1 Time in 1 Post	Made to Stick: The Myth of Mutual Funds Let's pull off the Band-Aid quickly. You've come to believe that mutual funds are a smart place to put your money. They're not. That's the assessment of the smartest minds in finance, supported by a mountain of historical data. If you own actively managed mutual funds, you will almost certainly retire with less money -- a lot less money -- than if you'd simply dumped your money into boring index funds. So two questions: How can this possibly be true? And why, in gleeful defiance of the data, do more people keep buying mutual funds every year? read more More...

Aug 26th, 2008, 09:33 PM	#2 (permalink)
Runum Level: Moderator Joined: Aug 2007 Locale: DFW Age: 49 Posts: 1,632 Thanks: 351 Thanked 116 Times in 97 Posts	Re: Made to Stick: The Myth of Mutual Funds YES, finally someone outside of this forum speaks the truth. Wow fastlaners, there is intelligent life outside of our world.

Aug 27th, 2008, 10:26 AM	#3 (permalink)
andviv Level: Moderator Joined: Jul 2007 Locale: Northern Virginia Posts: 2,307 Thanks: 51 Thanked 110 Times in 83 Posts	Re: Made to Stick: The Myth of Mutual Funds I definitely like this magazine a lot. And the authors write nice articles, so I will probably pick up their book soon.

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