First of all I want to say that I(along with my husband) am only an investor and not affiliated with any mutual fund company. Actually I am a high school teacher. 30 years ago I started buying mutual funds from a retired teacher. I will admit that I started small ($50/month) but that increased with time. She retired a few years ago and recommended we give our account to someone she considered very ethical and we did. Remember that trust was paramount throughout these years. I believed that they were experts and made informed decisions on my behalf. I had no time or interest in doing their jobs. However, I believed I was a good consumer who researched major purchases such as cars etc. but I placed good mutual fund management as having some value and was willing to pay for it. I also kept about 1/2 my money in fixed income such as GIC's because I didn't totally trust the stock market. I have not sold any mutual funds because I believe the fundamentals are still valid. With all the mounting concern over the financial markets is the mutual fund model dead for the future? I would like to hear from those in the business justify their knowledge is worth my loyalty.