Mutual Funds use the law of large numbers to create the illusion that the mutual fund managers know what they're doing and can pick the winners. The truth is, they actually use an old gambling con tactic to get into your pocket.
Holy Crap! It is good to know this but its hard to apply for me personally. I say this because my 401k money is in Fidelity Mutual funds. I would guess that not all mutual funds are bad eh? I would imagine if they are managed professional then you would be ok with them?
Holy Crap! It is good to know this but its hard to apply for me personally. I say this because my 401k money is in Fidelity Mutual funds. I would guess that not all mutual funds are bad eh? I would imagine if they are managed professional then you would be ok with them?
CalGSR99 1 year ago