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Mutual Funds are a scam in today's world.

By: StudioCity'98

Why pay a hot-shot MF Mgr 2.50-4.00% per/yyr in fees to lose your money when you can buy an ETF like $KWEB, $FXI, PGJ, $QQQC for 30-60bps and lose it yourself?  :-) 

Plus, MF's are terribly tax-inefficient. Some [most] MF's have huge turnover each yr. You get to pay tax on that turnover gain whether you actually ever had the money in your hand or not.  ETF's have very little turnover, therefore are extremely tax-efficient.

Only, you can decide if you like fees and taxes or not.  

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