Quote:Well exactly. But you can diversify with single stocks you don't need a fund. It's very conservative to only buy funds particularly if young. You will never get a quick multibagger in a fund.


I think a fund as part of your portfolio can be a good thing though.

 

Mutual funds absolutely suck when they charge management fees.  A 1% management fee will eat away at your returns over a period of time and you will lag behind the market.   But they will send you all sorts of propaganda about what they're doing, and how they're so much smarter than everyone else.  

 

Unless you are very intelligent and are willing to spend all day every day working at your investments, the smartest thing to do is buy the whole market with an index fund.   Then go play golf and don't worry about it. 

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