The motive of the above video is to promote Index fund over any other mutual fund!
Do you invest in Mutual Fund? If yes, you have already fallen into the trap. Ever wonder how Mutual Fund is making money inspite the fact that over the long run no mutual fund can beat the index? Well they are the real culprit in making you poor. Mutual Fund industry charge anywhere between 0.5-2.5% per annum for managing your money. This might look small in short term but in long term say 20-30 years, they end up making most from your money.
1. If they charge only 1% fees PA, they take away 20% of your wealth.
2. If they charge 2%, they take away 40% of your wealth
Not just this great investors like Warren Buffett, Peter Lynch also do not recommend investing in actively managed mutual funds and prefer Index Fund!
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