Hidden Mutual Fund Fees Are Stealing Your Money Says Author

Mutual funds may be immensely popular among individual investors, but they are also highly inefficient, said Dr. Kenneth Kim, author of 'Mutual Funds Exposed.' Kim added that mutual funds suffer from tax inefficiency, hidden costs and high fees. He said exchange traded funds are a step in the right direction but they are still a bundled product so investors cannot tax loss harvest like they can in separate accounts. Kim said separate accounts are now available with low minimum investments, so individual investors can customize their portfolios and avoid unwanted trading fees associated with mutual funds.