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re: Actively managed accounts
Posted on 4/29/24 at 10:59 am to Blizzard of Chizz
Posted on 4/29/24 at 10:59 am to Blizzard of Chizz
I have index funds and actively managed funds. I am convinced that in the long run you are better off just using Vanguard index funds.
1
Posted on 4/29/24 at 11:23 am to geauxpurple
What exactly is the definition of an "actively managed" account? I know folks who pay advisors 1-2% per year but these advisors make very few actual trades. The money mostly just sits in funds. I don't understand the point of paying someone a fee to let your money sit in a fund when I can go out and find an equivalent fund in Fidelity or Vanguard. I thought "actively managed" meant the advisor is actively making trades throughout the year, but maybe I just don't understand what it is these people do. Or maybe these people are grifters.
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