Re: How did my advisor do?
I have traded/invested in stocks before. Everything I know about the stock market I basically taught myself. I never really knew how to evaluate mutual funds as I always assumed the only way you could really do it was to look at the past performance along with the fund's objective.
So my question is, how do you evaluate mutual funds?
Secondly, ETFs track indices. Doesn't that then conclude that your selections track the indices and have no management behind them? If the market does well, the ETF does well, and vice versa. On the other hand, as my advisor had noted, mutual funds are managed by the managers and therefore are able to control the ups and downs of the market to an extent.
Can someone lead me in the right direction?
I have read several investing books, including Random Walk, but it has been so long. Maybe I should pull it out and read it again.
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