RPSeawright offers an important blog post for people who own mutual funds. He titles the post: “A chart is worth a thousand words“.
It is a great presentation of just how badly highly=paid professional money managers perform and why owning mutual funds is a very poor idea for the vast majority of investors. This is not a plug for ‘do-it-yourself investing. It is a piece of advice: index funds outperform actively managed funds most of the time and charge lower fees.
His charts cover the 10-year period ending Dec 31, 2013.