Lester

M3 Money Supply and Inflation: Got Gold?

All those unfortunate retirees present and future, who have their nesteggs managed by a mutual fund manager, need to compare their own standard of living with the fund manager's lifestyle, and then they will learn who benefits from mutual funds!
And when the "Fund" doesn't make enough profit or income to cover operating expenses, the manager's payroll is met from the capital account! Whose money is that?
Trust the System and get screwed.