A new breed of Web site calls mutual funds obsolete and offers to help you run your own portfolios better. We're the first to admit that mutual funds aren t perfect.
Management fees can be high.
Funds can stray from their core strategies, increasing your risk. Taxes can be outrageously high when fund managers trade too often, then distribute taxable gains to you. You can ditch your funds and try to run a good, diversified portfolio yourself, if you have the time, desire, and expertise. That's our favorite solution, and it's what we help you do. You can adjust holdings, within limits, to suit your needs, then add money or rebalance holdings with one mouse click.