I’ve written and spoken a lot to encourage long-term investors to participate in the value creation activities of our economy as opposed to frequently trading shares in hopes of out-smarting fellow investors. 

Investing is not a zero-sum game where the “smart” take money from the “less-smart” by trading pieces of paper on a frequent basis. Thus, it should come as no surprise that I recommend against the purchase of stock (equity) mutual funds. 

Here are 5 reasons that (equity) mutual funds are a bad idea.

Financial Literacy

The Case Against Mutual Funds Part 4

Checking Historic Performance. As we’ve already discussed, the combination of short-term performance constraints and the fees charged makes it nearly impossible for all but the

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