Mutual Funds vs. Index Funds

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, & Kristina Ellis.

[michaelryan]

You don't need a smartvestor pro just buy index funds on fidelity for .015%

[rothbj]

This woman doesn’t need to talk to a smartvestor, she’s on the right track with the index. No SmartVestor is going to pass up a commission to recommend the correct choice, an index.

[huskiefan]

Smart Vestor pros are a waste of money. Ramsey needs to be honest. He gets a fee from these pros he recommends. That’s why he recommends them. Also, very few mutual funds beat the market average. They may beat the market a few years, but then everyone finds those funds and drives the price down over time. All the while, commissions are made when they are bought and sold and they charge high expense ratios. Instead, open a free Fidelity or Vanguard account, then buy a total US Market index fund, which is all you need. You’ll basically match the market return. It provides low expense ratios, no commissions, extreme diversification, and low risk.