The Bottom Line (from the Author):
"There are still a limited number of mutual funds that can add value in your portfolio through unique investment strategies. Keep in mind that expenses are an important factor in this equation, but should not exclude a mutual fund with a proven track record of success from your options.
In my opinion, retirees that rely heavily on income from their portfolio are well served with a hybrid mix of low-cost ETFs and well-researched mutual funds. The balance between these two worlds can unlock superior performance and create a balanced asset allocation framework."the-only-reason-to-buy-a-mutual-fund
