Active Mutual Funds are Going to Die

I generally agree with the author, mutual funds aren't smart investments anymore. I think the ease and cost of stock purchasing now also plays a role. The Internet and discount brokers make it easy for everyone and provide options that simply didn't exist before.

Investing is still very scary for most and because of the marketing machine most feel mutual funds are the safe investment. The Internet and availability of information is breaking that barrier but it will take time.

For the record I first invested in mutual funds but have learned the ways and now am completely self invested with a discount broker in dividend paying stocks.