Morningstar's Active/Passive Barometer is a novel way of measuring one's odds of picking a winner.
There are no public investment funds that are managed as patiently as were Berkshire Hathaway’s early portfolios.
A portfolio of low-cost index funds isn't a bad starting point for the average investor.
Our semi-annual Active/Passive barometer shows that expenses are one of the only reliable predictors of success, writes Morningstar’s Ben Johnson.
The mutual fund industry’s two indexing leaders have left different legacies.
But probably innocent.
While markets’ efficiency will be forever questioned, there is no question that the costs we incur in investing deduct directly from our returns--it’s simple subtraction.
Designed for retirees in tax-deferred accounts, these portfolios blend index and active funds.