This Simple Investment Strategy Outperforms 88% of Professional Fund Managers Over the Long Run
Wall Street is full of extremely smart, well-educated, highly compensated individuals in charge of managing billions of dollars of investors' money. But the truth is, most of them aren't worth their fees.
You don't need to be a Wall Street insider to beat most actively managed mutual funds. A simple investment strategy has outperformed nearly 88% of funds over the past 15 years, and its relative performance typically gets better over time. For long-term investors, it's one of the best ways to grow your wealth.
All you have to do is buy an S&P 500 index fund like the Vanguard S&P 500 ETF (NYSEMKT: VOO). That's because the vast majority of actively managed large-cap mutual funds fail to outperform the benchmark index after accounting for the fees they charge.
Source Fool.com
