Michael Petruccelli says: “If you want your investments to outperform the market, you need to let a professional actively manage your money.”
The usual suspects: Mutual fund managers and other active-investing advocates.
Reality check: An extensive survey by Nerd Wallet found that fewer than 1 in 4 professional investors were able to beat the market over the past decade. In fact, according to Nerd Wallet, “The majority of people who paid a mutual fund manager to invest their assets over the past decade would have done better by simply investing in a passive index fund, typically at much lower cost.”
