https://vimeo.com/374151466

A failure rate of 50% is pretty high in any field.

What if 50% of a manufactured product failed a basicinspection?

What would you do if you wanted to open a restaurant, butfound out that 50% of the same type of restaurant failed?

What if your doctor prescribed medication, but told you itdoesn’t work 50% of the time?

You know those smart, glib, well-dressed, highly confident,fund managers who go on CNBC and other networks?

They seem to have the answer for any question thrown atthem.

They even predict what will happen in the future.

Here’s some shocking news.

Over a 15-year period as of December 31, 2018, 49% ofactively managed, US based mutual funds went out of business.

Over a 20-year period, that percentage increases to 58%.

That’s stunning.

Many of these “masters of the universe”, with all theireducation and much-touted predictive ability, can’t stay in business overthe long-term.

That’s why you shouldn’t invest with them.  Buy comparable low-management fee index fundsinstead.

They’ll be around when you need them.