Once learning about the long odds of success with actively managed mutual funds versus passive index funds, most investors will be keen to jump ship.
And if they follow the ideal of doing what’s right and spread the word, their friends will also climb aboard their own metaphorical Vanguard to sail away from the most profitable industry on Earth: active money management.
But the “profitable industry” isn’t profitable for the average mutual fund investor. No, the money isn’t made from investing in money management products—it’s made from selling the advice and fee-laden funds.
The man dubbed “Saint Jack” is the financial service industry’s pariah. But he’s looking out for you, and he’s looking out for me.
Find out more about this great man and his fight against the self-serving financial service industry here: …read more