Your mutual fund manager has a solid plan for retirement. So far, it’s working beautifully.
Your fund manager is fortunate to be part of a growth industry. Since 2004, assets under management have grown 124 percent. The number of U.S.-based stock and fixed income mutual funds has grown to more than 5,000. Collectively, they manage a staggering $9.1 trillion. This is big business.
The key to your fund manager’s retirement plan is to inundate you with misinformation. It’s part of an effort to distract you from the fact that you would likely be better off not using his or her services. Some startling facts your mutual fund manager goes to bed every night praying you won’t uncover include:
Read the rest of the article at The Huffington Post.