I want to start this discussion to get the opinions of all of the talented investors here. I hope it won't get to heated and that ideas can be shared openly and respectfully Everyone seems to be very pro mutual fund here and I am not. My reason is primarily because the fund manager gets paid even if the fund looses money. Funds, except for a privledged few have lost money over the last little while and to me even with low dollar cost averaging it doesn't make sense. Am I missing something here?