But there’s the lure of performance chasing. Out of Fidelity’s large stable of active funds, I am sure that they can point to several that have recently outperformed index funds by much more than the ER.You remain unwilling to accept the fact that novice investors, once educated in the importance of ERs, are perfectly capable and highly motivated to go with the less expensive funds. I seem to have more confidence in young people than you do.Half of Fidelity’s funds are 0.5% or above. A novice investor would be much more likely to chance into an expensive active fund at Fidelity. Not to mention their neat trick of naming their expensive target date funds nearly identically to their low cost ones. Wonder how many people have fallen for that?
Statistics: Posted by rkhusky — Tue May 14, 2024 4:38 pm — Replies 41 — Views 2575
