Many index funds are smart choices for investors, but that doesn’t mean all of them are.
I have long been a proponent of “evidence-based” investing. For many investors, this means investing in a globally diversified portfolio of index funds with low management fees, exchange-traded funds or passively managed mutual funds.
In order to make this transition, you will need to resist the hype and marketing blitz from the purveyors’ actively managed funds, where the fund manager claims to have an ability to beat a designated benchmark on a risk-adjusted basis.
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