Mutual Funds & Exchange, Traded Funds (ETFs)
The overall goal of an investment program is to build a diversified portfolio containing multiple asset classes with the lowest possible fees and the greatest possible tax efficiency. Individual circumstances and preferences will determine how gaps in asset allocation are best filled. The frequency of investments (lump sum, periodically, or regularly) is one factor that will strongly influence which investment type is most appropriate.
“Buy the ETF, Not the Mutual Fund” 20151218 WSJ
This article’s was prompted by some recent unfavorable events in some mutual funds.
“The High Cost of Investing Like a Daredevil” 20150606 NYT
Past performance may provide a baseline for mutual funds. Past performance is not a guaranty for future returns.
“How Many Mutual Funds Routinely Rout the Market? Zero” 20150314 NYT
For years there have been studies about how few mutual funds do better than the market. It seems each year the number decreases.
