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Central Minnesota | I prefer index funds similar to Vanguard. You can’t outsmart the market but it’s a whole lot smarter to invest in something with extremely low management costs like Vanguard compared to actively managed funds that TAKE 0.5%-2% of YOUR equity every single year whether or not they make you money. In other words you need to significantly outperform the market to make up for their fees.
There are numerous mutual fund managers who are Billionaires. John Bogle who started Vanguard was proud of how little he was worth.
https://www.nytimes.com/2019/01/16/business/vanguard-jack-bogle-deat... | |
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Investing
