I hate mutual funds. Check this out:
Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date, according to investment researcher Morningstar Inc.
Less than 1% of mutual funds are in the black for the last 12 months. How is that possible with “professionals” running them?