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Originally Posted by jIMOh
I use active funds for most of my portfolio.
I believe I can generate above average returns with some intelligence and thought. All managed funds are NOT created equal.
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I do believe that NOT all managed funds and more importantly NOT all managers are created equal. The problem that I have is that given there are more managed funds than stocks, I don't know how to chose the managers. I don't know if there past performance is due to lucky (1 billion monkey producing Shakespeare) or skill. I find it personally easier to select stock since there are more metrics available besides, past performance, and perhaps a bit of data on relative risk.
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