I have nothing against index funds. In fact, I own them for virtually all my clients, as well as for myself. But I strongly disagree with investors who argue that index funds are the only sensible way to invest.
Yes, roughly two-thirds of actively managed stock funds underperform their benchmarks. But with a little work and a lot of patience, I think you can tilt the odds in your favor. Owning a mix of first-class index funds and actively managed funds makes the most sense to me.
How can you pick good, actively managed stock funds for 2019?
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