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Mutual Fund Companies Blend Into Unwashed Mass For Consumers
Of course they're being commoditized --- how many mutual funds are "me too" funds that have limited AUM and extraordinary fees? Why pay .50 or more for ABC S&P500 Index fund when you can get one (or an ETF) from Vanguard, TRowe, Schwab, etc for significantly less?
How many laughable strategy funds charge (say) 2.5 per year for buying-and-holding a handful of ETFs that you could do yourself for free? And they wonder why nobody's buying them.
We need fewer funds and more higher quality ones. But that doesn't support the Wall Street marketing machine in launching the next Latest Awesome-Sounding Alpha Gamma Up/Down Minimum Informed Strategy (tm) Classes A, C, D, R-1, R-2, and Advisor to the uninformed masses.
Comments
Of course they're being commoditized --- how many mutual funds are "me too" funds that have limited AUM and extraordinary fees? Why pay .50 or more for ABC S&P500 Index fund when you can get one (or an ETF) from Vanguard, TRowe, Schwab, etc for significantly less?
How many laughable strategy funds charge (say) 2.5 per year for buying-and-holding a handful of ETFs that you could do yourself for free? And they wonder why nobody's buying them.
We need fewer funds and more higher quality ones. But that doesn't support the Wall Street marketing machine in launching the next Latest Awesome-Sounding Alpha Gamma Up/Down Minimum Informed Strategy (tm) Classes A, C, D, R-1, R-2, and Advisor to the uninformed masses.