Posted on 03/28/2015 3:17:44 PM PDT by expat_panama
John Bogle is right.
http://money.cnn.com/2015/03/12/investing/investing-active-versus-passive-funds/
86% of investment managers stunk in 2014
By Matt Egan @mattmegan5
People pay investment managers a lot of money to do one thing: Beat the market.
The skills and expertise of fund managers are supposed to give them the ability to select better stocks and bonds than an index like the Dow or S&P 500.
The problem is that hasn’t been happening lately.
A staggering 86% of active large-cap fund managers failed to beat their benchmarks in the last year, according to an S&P Dow Jones Indices scorecard released on Thursday.
Not really, and the more important question is "which market"? I mean imagine a fund that consistently always comes out a half percent below the S&P500 on up years but never shows either a monthly or a year-to-year decline. A lot of retirees would do well to go there and count their blessings. Then we got sector funds --they're never meant to 'beat the market' unless what we're talking about is that particular sector the fund's involved with.
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