When Best Mutual Fund Lists Can Strip You Naked


Warren Buffett once said, “Only when the tide goes out do you discover who’s swimming naked.”

According to the Employee Benefit Research Institute, 83 percent of American retirees among the bottom quarter of earners could run out of money during retirement. The outfit also figures that 25 percent of middle income earners might run out of money.

Once they retire, these hard-working folks could be swimming in the buff.

John Bogle blames high mutual fund fees. Others blame low savings rates.

But let’s not forget the peddlers on the beach. They’re selling would-be bathers plenty of financial pornography. 

Image by Pixabay

Read the rest of the article at AssetBuilder.com

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. Darren says:

    Thanks Andrew,

    I appreciate your analysis. I recognize a lot of your readers are US-based and therefore, your examples are from a US perspective. It would be interesting (though not as appealing to US readers) to see a similar analysis from Canadian perspective. Being in the Vancouver area, I am always hearing on the radio about the Teal Linde Equity report and how their picks have averaged 25% year after year.


    Claims like that make my investment portfolio seem like a sluggard.

    Thanks again for your hard work.

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