Year after year, S&P's SPIVA report finds the same basic result: a clear majority of actively managed U.S. stock funds fail to beat their benchmark index over 10+ year periods. This isn't a fluke of one bad decade — it's a remarkably consistent, decades-long pattern.Active funds charge higher fees than passive index funds (which simply hold the stocks in an index like the S&P 500 with minimal trading). Those fees…
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