This is a great video by Robert Kiyosaki and the Rich Dad Team about mutual funds. They make some great points as to why mutual funds are one of the poorest places to have money. There is no control, there is no safety, and there is “no insurance.”
This is another example of successful and wealthy individuals who understands the myth of mutual funds.
Best line in the video: “Mutual funds are a great way to make money—if you sell them to others.”