biz humour

>>1065574
I'm fairly certain these "funds" are just memes.

Don't the vast majority of them not even beat the market and yet charge exuberant fees?

>Look at some meme mutual funds
>Lower performance than just vanguard ETF and yet at least 5x higher MER
Why do people do this?

>>1065580

Everything thinks they'll be the guy in the minority, the guy who picked the fund that made an extra 3%

>>1065580
People are stupid.

I get the concept, and I kekked, but what does mm stand for? millions?

S&P this year kek

>>1065593
>>1065594
I refuse to take "people are just stupid" as an explanation for this.

it can't be that simple...

Surely there's a catch that people with a lot more money than I have figure it's better to use these meme funds instead?

Or is it literally as simple as John "the mememan" Bogle explains it?

>>1065623

People like Ramsey, Tai Lopez, Cramer, talk radio shows etc, all shill the fuck out of these funds in thee media because they're paid too advertise it.

Ramsey routinely tells people he averages 12-16% in managed mutual funds and to go to the fund managers that he endorses.

It's not that they're stupid, they're just very uninformed. Remember that gen x and boomers have no clue that you can fact check things on the Internet

>>1065623
When one of the unwashed buys into a fund they'll go for one that they've heard about. If that happens to be an active fund then, well, sucks to be them.

Also people pick 'green funds' hoping that that sector will pick up or other specialist funds. Sometimes that doesn't pay off.

>>1065668
>>1065675
Well that's a weird feeling then.

>Tfw your measly $25k is outperforming all these other cucks who are getting a huge chunk sliced off by the fund managers

Tbh makes me want to become a fund manager.

>>1065574
>humour
Surprise, the yurotrash is too poor to even spell right

>>1065694
h-he could be Canadian...

>>1065574
>/biz/ humour

But we're all soulless leeches

>>1065596
It's M as in the Roman numeral.

m = one thousand
mm = one thousand thousands (i.e., one million)

Sometimes you'll still see M used for things (like CPM = cost per thousand)