[roypw]

I started investing back in the early nineties. Quite a learning curve but after a couple years it became very very obvious that mutual funds were one of the biggest (I don’t know what word to use rip-off, maybe even scam but at minimum a very poor way to invest). High fees, very poor performance and things like you have just pointed out. There are only a few good ones but most are not consistent.
Index funds and ETF are far better.individual stocks are the best way however. So my advice to anyone that asks, me for tips or advice on investments is: take the time to study and learn about investing. Pick your own sticks or ETFs. It’s actually fun and for us older folk great for the mind. It’s not very difficult to outperformed mutual funds by big margins.