I know that there are a ton of high cost/low performance funds out there but there are also many funds that beat their benchmarks for reasonable fees. Fidelity’s Contrafund is my single largest holding, representing 45% of my brokerage account. I’ve owned it for over a decade and it consistently beats the S&P 500. It recently raised its fee from 0.68% to 0.74%. The returns I’ve earned more than justify the fee. For what it’s worth I also own ETF’s to gain more exposure to specific sectors. So, why no love for mutual funds?
Submitted June 17, 2018 at 11:18AM by foolproofphilosophy https://ift.tt/2HWzcut
