They say that they do not invest in mutual funds because the funds’ expenses are not disclosed. For myself, I think that mutuals are a way station on the path to building wealth. It is a place for ordinary people to get their start. And mutuals give a rate of return that is higher than bank accounts.
Once one builds a pot of money that one can afford to loose (at least partially), then I think that one can “gamble” on a wise, active investment.
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6 years ago
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