Re: What would you with $20K?
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Wasn't that the justification for why mutual funds were supposed to be the place to put your money over the past two decades
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There are two things I can think of that have changed drastically over the last twenty years:
1. The information gap has shrunk significantly.
2. The brokerage costs are significantly less which allow individual investors to put together a portfolio rather cheaply.
With some mutual fund fees on the high side and the information gap not as large, it is very difficult for a fund manager to continously come out on top.
There are great uses for funds though.
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