Active vs Managed
Let’s give credit where credit is due. Dollar Bits has always been a proponent for of index funds for most investors. Typically active fund managers under-perform their respective indices, however active managers have been performing well of late. While it’s not a long time frame, it is interesting to see that a larger percentage of active fund managers are beating their indices.
Good news: the average 401(k) balance has increased from $4.2 trillion in 2009 to over $7 trillion today.
Bad news: more people are borrowing from their 401(k) accounts than ever before, and the average outstanding loan balance has increased.
Do you run? You may want to love in one of these cities (SmartAsset Blog)
15 things you should try to do before your 30th birthday (Your Money)
If all you do in life is work really hard, you’re never going to get wealthy (BI)
The top 25 more frugal cities… according to coupons.com (Quotient)
Payless Shoes files for Chapter 11, to close 400 retail stores (Reuters)
Have your kids made in-app purchases? You may be in line for a refund. Amazon and FTC reach $70m settlement (Marketwatch)
Hate paying high prices for Gillette razor blades? Good news! The largest blade manufacturer — bowing to pressure from Dollar Shave Club, etc. — is lowering prices of blades by 20% (Money)
image credit: Hideya HAMANO