What's a Money Manager Worth?
Board: Macro Economics
My company's 401K plan is managed by Fidelity. Fidelity offers us a series of funds and picking one is all the managing we get to do. Most of the funds are fidelity Funds but there are a few others. The funds cover the usual range of equity and bond choices.
They all have one thing in common.
Year to date, not a single fund that is offered is beating the SP 500 index.
Tell me again what a money manager is worth.