Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.
A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions.
The principal role of the mutual fund is to serve its investors.
Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.
Most of the mutual fund investments I have are index funds, approximately 75%.
There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.
There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.
Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.
The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.
Most active mutual funds are more interested in collecting fees than in boosting returns for investors.
The mutual fund industry has been built, in a sense, on witchcraft.
How many millionaires do you know who have become wealthy by investing in stocks, bonds, mutual funds or savings accounts? Income property is the most historically proven asset class in America, if not the entire world. I rest my case.
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.
Mutual funds charge 2% per year and then brokers switch people between funds, costing another 3-4 percentage points. The poor guy in the general public is getting a terrible product from the professionals. I think it's disgusting. It's much better to be part of a system that delivers value to the people who buy the product. But if it makes money, we tend to do it in this country.
What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.
Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.
Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.
In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results."
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