What would you with $20K?

[Uglyowl]

[ QUOTE ]
Wasn't that the justification for why mutual funds were supposed to be the place to put your money over the past two decades

[/ QUOTE ]

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.