New story in Business from Time: Index Funds are Great, But Stock-Picking Should Still Be Part of Your Investment Strategy
Index funds have gotten plenty of praise lately, some of it from me, as the the Vanguard S&P 500 Index Fund (formerly First Index Trust) celebrated the 40th anniversary of its launch. It’s now the second-largest mutual fund in the country, behind only Vanguard’s Total Stock Market index fund. But such investing leaves a little …