Most of the investment industry is shockingly bad at what they claim to be able to do; make you money. The majority of mutual funds profess to possess stock selection and/or market timing skills, but the evidence doesn’t support their assertions. These money managers fail to tell investors that they exist primarily to enrich themselves at the expense of their clients.
The truth about the majority of the investment business is shocking. Did you know that almost half of all actively managed mutual funds go out of business every decade? Author and prolific columnist, Dan Solin shared this and 10 other little known facts about the investment industry in a recent Huffington Post article.