Death of Mutual Funds
In my previous post, Top 10 Reasons ETF and not mutual funds, I mentioned why I do not like mutual funds, such as:
1. Transparency of the portfolio – what companies are in the fund on a daily basis
2. Liquidity – meaning I can sell an ETF during the day just like a stock
3. Fees and taxes are high on mutual funds
4. No options – selling covered calls or naked puts is how I generate additional income, which mutual funds do not have.
Exchange Traded Funds are similar to mutual funds because you can get a pool of companies in the fund.
Today, I found a great article, “The Death of Mutual Funds”. It’s a little long (15 pages), but worth reading and sharing especially if you are the type of person to take control of your finances instead of “just being told what to do”.
