Tag Archives: mutual funds

Good Video on Mutual Funds Scam

In this video Phil Town talks about how mutual funds are a scam and how much money one would be in the whole if they used mutual funds vice buying an index (such as SPY) themselves. This is something that we have mentioned many times on the site and believe in very strongly.

They also discuss how with market volatility you could sell at highs and then buy dips, but whats even better (and they don’t mention in the video because everyone is scared of shorting for some reason) is that you have the ability to play both sides of the market. So when the market tops out you can make money on the way down by shorting the stock instead of just selling your long positions. Those gains over time (especially over the past 10 years) are HUGE in comparison to a long term long side mutual fund holder. Video on full post:

Read more