Morningstar Mutual Fund Quotes

The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors. ~ Jim Cramer

I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance. ~ Burton Malkiel

As mutual fund returns vary widely, e.g. as of October 31, 2014, the 5-year annualized return has varied between -6.94% and 26.42% with average return of 13.62%. A right advisor can definitely provide value addition in fund selection and achieving your goals. ~ Jigar Patel

Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises. ~ David F. Swensen

The principal role of the mutual fund is to serve its investors. ~ John C. Bogle

I suggest a Money Market account with no penalties and full check-writing privileges for your emergency fund. We have a large emergency fund for our household in a mutual-fund company Money Market account. Wherever you get your mutual funds, look at the website to find Money Market accounts that pay interest equal to one-year CDs. I haven't found bank Money Market accounts to be competitive. The FDIC does not insure the mutual-fund Money Market accounts, but I keep mine there anyway because I've never known one to fail. Keep in mind that the interest earned is not the main thing. The main thing is that the money is available to cover emergencies. Your wealth building is not going to happen in this account; that will come later, in other places. This account is more like insurance against rainy days than it is investing. ~ Dave Ramsey

Mutual fund managers want your money in their funds. They get paid based on assets under management. ~ Barry Ritholtz

Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks. ~ Scott Cook

I've not found ! one single mutual fund, one single real estate investment, any gold, silver or anything else that has given me higher returns than: me investing in myself. ~ Patrick Bet-David

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees. ~ Benjamin Graham

Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them. ~ Robert Kiyosaki

The mutual fund industry has been built, in a sense, on witchcraft. ~ John C. Bogle

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions ... the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013 ~ Janet Yellen

Today, you have the option to invest through a discount brokerage account, a mutual fund account, a full-service brokerage account, or even a bank account. ~ Alex H. Frey

Invest in low-turnover, passively managed index funds ... and stay away from profit-driven investment management organizations ... The mutual fund industry is a colossal failure ... resulting from its systematic exploitation of individual investors ... as funds extract enormous sums from investors in exchange for providing a shocking disservice ... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility. ~ David F. Swensen

Mutual fund manager performance does not persist and the return of stock picking is zero. ~ William J. Bernstein

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform. ~ Ron Chernow

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers. ~ Ron Chernow

There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund. ~ Robert Kiyosaki

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are. ~ Jim Cramer

For investors who do want to speculate in high-yield bonds, one alternative may be a junk bond mutual fund, which can offer investors the relative safety of diversification. ~ Alex Berenson

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance. ~ Ron Chernow

The average plan administrator charges 1.3% to 1.5% annually (according to the nonpartisan Government Accountability Office). That's $1,300 for every $100,000 just to participate in the 401(k). So when you add this 1.3% for the plan administration to the total mutual fund costs of 3.17%, it ~ Anthony Robbins

Everyone has the brain power to make money in stocks. Not everyone has the stomach. ~ Peter Lynch

Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors' to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us" ... all of us. ~ John C. Bogle

Mutual funds are an overrated investment heavily promoted by Wall Street. ~ Peter Schiff

Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market. ~ Jonathan Clements

In return for the service and to cover the annual cost for fund management and other expenses, the mutual fund levies fund management charges (FMC). The FMC levied varies across schemes from around 0.75% to 2.50% (the ~ Vinod Pottayil

Do not ridicule my effort. Everybody likes a comedian's company. That's why they give them tips after watching the
show, not their hard earned money for a mutual fund investment. Give him tips, not your heart. I guess you
understand the difference. ~ Ravindra Shukla

There are a lot worse things you can do with all your bucks than giving them to even a mediocre mutual fund - such as, for example, giving them to a mediocre hedge fund. If supporting the lifestyle of a mediocre fund manager is your favorite charity, who am I to stop you? ~ Gary Weiss

Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors. ~ John C. Bogle

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do. ~ Peter Lynch

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market. ~ Ron Chernow

Most of the mutual fund investments I have are index funds, approximately 75%. ~ Charles R. Schwab

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification. ~ Ron Chernow

Most active mutual funds are more interested in collecting fees than in boosting returns for investors. ~ David F. Swensen

True love is unconditional. And if it is a 'Conditions Apply' scenari, then it isn't true love. It is as good as a mutual fund ... ~ Ravinder Singh

At first, the only thing that I learned was to save. Then I learned about mutual fund, then later on direct stock investments. I also went into small businesses and even real estate. ~ Bo Sanchez

Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees. ~ Richard Thaler

The average person can't really trust anybody. They can't trust a broker, because the broker is interested in churning commissions. They can't trust a mutual fund, because the mutual fund is interested in gathering a lot of assets and keeping them. And now it's even worse because even the most sophisticated people have no idea what's going on. ~ Seth Klarman