Mutual fund managers or private money managers? who gets you more?

[PokerPaul]

trying to decide whether to invest with my local national bank mutual fund portfolios, or whether i should retain a private investment management firm to administer my cash?

Mutual fund managers take about 2% each year right? Private ones top out at about 1 to 1.5 percent?

Is one better or more risky than the other?

Both vying hard for me to go to their side..

[CrushinFelt]

save yourself money and do it yourself? index + bonds gogogo

[Esection]

bonds nonono

[luckybacon]

I got an internship at smith barney in this summer and all ive heard them talk about so far are ETFs/index funds. so i guess do some research urself and save the fee

[pig4bill]

[ QUOTE ]
I got an internship at smith barney in this summer and all ive heard them talk about so far are ETFs/index funds. so i guess do some research urself and save the fee

[/ QUOTE ]

That's pretty funny. Why would anyone need to spend big bucks with a big outfit like Smith Blarney if the best they can come up with is index funds?

[luckybacon]

pig id should clarify a little. This branch im interning for is in Little Rock Arkansas. Therefore, its not filled with the best investors/advisors etc

[kimchi]

[ QUOTE ]
save yourself money and do it yourself? index + bonds gogogo

[/ QUOTE ]

This is right. Don't waste your money on people who can do no better than yourself at picking stocks.

[Jeff W]

Neither. Buy this book instead.