Comment by maria2

Last time I checked, the “mutual funds don’t beat the market” is kind of a myth perpetuated by S&P Dow Jones Indices to hype their own index products. First of all, what is the S&P 500 if not a handpicked collection of stocks? To say mutual funds don’t beat the S&P 500 is to say that S&P is the best stock picker out there. I find that unlikely. Second, something like 10% of mutual funds do beat the S&P 500 on long time horizons.