Mutual Funds are Stealing your Wealth

Mutual Funds Are Stealing Your Money

Gen Y Finance Guy Investing 15 Comments

The other day I was talking with a friend about saving and investing (my favorite conversation). This friend of mine, Jamie, was trying to wrap her arms around her companies 401K and its investment offerings. Jamie wants to start contributing to her 401K to save for retirement and get the company match, but remembered a conversation she overheard about how I hated mutual funds. She wanted to know specifically why I was not very fond of them. I went on to explain to Jamie that it’s not all mutual funds I despise, just those actively managed ones that are riddled with high fees and under performance. I told her the thing that peeved me most was the fact that the excessive fee they charge is …