Can You Really – Really – Be Sure Of Shell?
By Owain Bennallack – Thursday, 18 June, 2015
Making glib comments about the flaws of tracker funds – or even more so the foolishness of those who invest in them – is a mug’s game.
The evidence shows that over the long term, tracker funds beat most actively managed ones, not least because of the far higher costs of keeping a fund manager in Ferraris, versus plugging an old PC into the mains and dusting it now and then.
Okay, I exaggerate… but only a little.
However strange it may seem, warts-and-all tracker funds holding a seemingly sub-optimal mix of shares tend to beat the majority of carefully chosen portfolios – even though a fund manager is free to avoid the basket cases and double-down on the good companies that seem cheap.
The TRUTH will set you FREE.
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