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this post was submitted on 07 Nov 2024
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Don't managed funds have lower growth and significantly higher costs than index funds?
That's my impression as well. I would recommend making a free account with Schwab or Fidelity and putting your savings in SPY
Yeah I tried one of those a while back and was pretty dissatisfied with it. All it did was lose money each month due to "fees". Felt like a scam. So I pulled the money out and put it in a high yield savings account instead. I've seen a ton of growth with that. Being a moneybro investor absolutely was not for me.