[Worldtraveler once upon a time]

To place money in a "managed" fund is to sign up to pay a manager and his expenses. Decades of preparation with tax law being used set this up, wherein a small elite coterie has obtained "control" over funds.

When did the individual becomes so incapable of managing his own funds? We do. No "managed" funds whatsoever. No HOAs and similar things. No Coops. Minimum control, i.e. county taxes and such, but NO control over our funds or REAL real estate by a "manager."

[TexasGator]

“To place money in a “managed” fund is to sign up to pay a manager and his expenses. “

I have one managed fund. Top holdings are AAPL, MSFT, AMZN, GOOG, NVDA, BRK.

I don’t mind the 0.74% fee.

[Skid289]

Some of us just don’t understand the market and prefer to pay for someone who does. If you have any investment acumen whatsoever a managed fund is silly. Paying 0.5-1% in fees every year hurts, although they are tax deductible. Unfortunately I don’t have that acumen at all. At my (almost retirement) age I make modest returns in low risk managed funds, which leave me ahead of the game when a downturn ends (less loss during bear markets = more money to ride the bull).
Best of luck to all you FReepers during this economic sh1tstorm!