But the actively managed mutual fund you are considering investing in has consistently outperformed the market even when taking into account taxes and fees.
Am I above average at picking actively-managed mutual funds?
What if you are the kind of person who is above average in most things. It’s far from obvious why you shouldn’t think you would be above average at picking stocks or mutual funds.
What if you are the kind of person who is above average in most things.
Why, thanks for noticing. ;) This is where the self-awareness comes in, and I agree if you can’t rely on that then you do need to build up the argument that the financial advisors and active managers are not worth their cost.
Am I above average at picking actively-managed mutual funds?
What if you are the kind of person who is above average in most things. It’s far from obvious why you shouldn’t think you would be above average at picking stocks or mutual funds.
Why, thanks for noticing. ;) This is where the self-awareness comes in, and I agree if you can’t rely on that then you do need to build up the argument that the financial advisors and active managers are not worth their cost.