How You Can Beat Wall Street

Mutual funds tend not to do better than the S&P 500. If the S&P 500 rises 12% like it did in 2014, most mutual funds will book gains somewhat less than 13%. But this year, the pros' performance was terrible...

This table, using data from Goldman Sachs, shows that only around 15% of large-cap mutual funds did better than 12%. As an investor, I hope you look at that and say, "Heck, I can do better that." And I agree — you can.

For one, you could just buy an S&P 500 index fund. Such a fund will have a miniscule fee, so your performance will pretty much match the index itself. (more)

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