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Interesting article on Funds

Wonder why people still buy into Funds when they can do much better on their own.

Check out this article on CNN -

http://money.cnn.com/2006/10/24/pf/funds/starmanagers.moneymag/index.htm?postversion=2006102409

Especially this paragraph...

" Consider a study by researchers at investment firm Litman/Gregory, who reviewed the performance of actively managed large- and small-cap funds that beat their benchmark indexes over the 10 years through 2005.

The data showed that more than 90 percent of these elite funds lagged their benchmarks by an annualized two percentage points or more for at least one three-year period. Nearly 30 percent trailed by more than 10 points."