Mutual fund managers are entrusted with a vast majority of Americans’ money; however, they don’t always have the best interest of their clients in mind, according to Forbes columnist Laszlo Birinyi. An investor should be able to pick stocks and manage their mutual funds themselves as well as a manager.

The vast majority of mutual funds lag behind the S&P 500. At a time when the S&P is showing double-digit returns, large-cap growth funds are barely in the black.

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