Quote:
Originally Posted by McLovin
And then more often than not you'll fail to beat the indexes.
It's legalized gambling. Even very smart, super experienced fund managers who have teams of researchers usually don't beat whatever the broad indexes (i.e., the level of the markets in general) are doing.
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How is buying a mutual fund legalized gambling? I think I'm missing the analogy.
I've never understood the concept of buy the index fund because they beat most managed funds. That's like saying race a Mustang because it's faster than most cars. I'd say buy the GT2 because it is faster than the Mustang. It's not that hard to find a fund manger with a track record of consistently outperforming the indexes.