Mutual Fund Managers

Received my yearly mutual fund results report the other day. My account dropped about 2% in 2007. So … why is it that these ultra smart highly paid managers of my account can’t make money more consistently? My account is in the low to moderate risk range. Aren’t we supposed to be able to make money in both up and down trends?

(who knows, maybe they even got a pay bonus for not losing more in a bad market!)

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