Chris, let me encourage the switch!
I did an incredible analysis a few years ago of mutual fund performance over a 1, 3, 5 and 10 year period. During the time period analyzed, 88% of the mutual funds failed to beat the SnP 500 Index. Further, I analyzed the media bunk of load vs. no-load, expense ratios, and management tenure -- It didn't matter.
In addition, my professional avocation has a distinct bias against the mutual funds. They are very inefficient from a tax perspective. It was the conclusion of this detailed analysis that, if one was so inclined to be a B&H type, buy the Index. As the Captain has noted, the SnP tends to weed out the significant losers to represent the best investment choice for a B&H type.
Long ago, John Bogle, the founder of Vanguard and the creator of the Index fund frenzy, stated that the SnP was the diversified Index of choice. He has been proven correct.
Berney |
