Say hello to one of my heroes, Rick Ferri. He is known for advocating passive investing and ignoring the ups and downs of the markets. He speaks truth, 2/3 of mutual funds pale in comparison by a well diversified, passive portfolio of index and ETF funds. Actively managed mutual funds are bunk. It amazes me how many people still buy mutual funds. Not only are they more expensive to own, but they also have a high turnover rate.
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Happy Investing fellow readers!
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