Absolutely. If I were to invest in an actively managed fund (which I don’t) I would want to pick one that has a good track record. It will maximize your odds of outperformance going forward. But even then, I’m not convinced any fund will outperform the market net of fees over the rest of my investing lifetime. So, I stick with a Vanguard Index fund and pay a few basis points.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store