The Mutual Fund Fallacy: Why Mutual Funds Are The Worst Investments

The last time I put my money in a mutual fund and made something substantial was about 3 years ago. (And that was EPACK – What I used to call the Praise-the-Lord Fund). Unlike what some analysts always advice, I do not diversify my portfolio with mutual funds managed by other firms. I have over the years evaluated some mutual funds in Ghana ,and thought the brilliance of their fund managers is enough to grow the fund. That did not happen. Young investors mostly start with mutual funds, others use the safe income Mutual funds as their “Savings Account” and argue that those are better options than what their banks offer them. The debate whether mutual funds are good investments continues. What is your take? Let’s watch the video and see why this man thinks Mutual Funds are the worst investments.

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