Funds Beat the Market, Shareholders Don't

Here’s a sentence I never expected to hear from a respected mutual fund source: “Ninety percent of funds are superior stock pickers.”

C. Thomas Howard, director of research at AthenaInvest, a Denver-based research/investment company not only believes that, but says 80% of funds are so good at picking stocks that they cover the fees they charge investors.

If you suspend your disbelief — and stop thinking that Howard must be taking psychotropic drugs — the way you choose and invest in funds may be changed forever.