I'd be wondering, too.
That's because, in a year filled with hundreds of 52-week highs and a broad market that climbed roughly 25%, they've managed to "grow" Russ' money all of... 2%?
It didn't take long to find out why.
It's estimated that by 2020, nearly $3.85 trillion will be invested in the same "one-click" mutual fund industry's bestsellers that Russ did: "Target Retirement Funds."
I'm so glad he called.
These "funds of funds" are dangerous. They're far too simplistic, automatically adjusting your investments based largely on one factor: your age. And that just doesn't work anymore.
In fact, these "solutions" are more dangerous than they've ever been...
- You Don't Have to Play Videogames to Win This $93 Billion Grudge Match
- I Found a Billion-Dollar Market in My Backyard
- The Surprising Benefits of Raising the Minimum Wage
- You Can Win This "Money Game" 80% of the Time (If You Play It Right)
- Why You Should Fear the Masters of the Financial Universe
- Obamacare Website Chews Up $1 Billion in Tax Dollars
- Silver Set to Double, According to… Apple?
- How a Big Bank Blunder Put Teeth in the Volcker Rule
- Forget the Malls… The Really Great December Deals Are on Wall Street