Mutual funds and Money Managers usually (we won’t go as far to say all) have only one interest in mind: Make money! How do they make money? Taking fees! The truth is most funds and managers do not even beat the indices (before fees) like the S&P500.
An entire industry has emerged to rip off the common person by telling them that trading is too complicated and insisting they put their life savings in funds that take up to 1% per year. This infuriates us!
Now, some hedge funds certainly outperform the market (many use options among other instruments), but they are only available to ‘qualified investors’ (read rich investors) and have strict membership requirements.
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