Years ago, at a speech at Harvard, the famous, or infamous, George Soros said that the trouble with mutual funds is that they are rewarded by the amount of money they collect, not the amount of money they earn. Seeing the remark as an astute summary of a range of flaws and weaknesses of funds [...]
Filed under: Costs of mutual funds | Tagged: CDs, Fidelity, Jennifer Engle, redemptions | 1 Comment »
