Index funds and expenses

I’ve been reading The Great Mutual Fund Trap which argues that since fund managers don’t beat the indexes over time, there’s no reason to pay the higher expense ratios associated with actively managed mutual funds. Sure people can argue that some magers beat the indexes for a while, but I plan to retire in 35 years. How many funds have beaten the index over the past 35 years? How many have gone bust? I bet many more have gone bust than have beaten thetotal market over the past 35 years. And how do I know which (if any) fund will beat the market over the next 35 years? I don’t. Index funds it is, although I still plan to hold individual stocks, particularly REITs and precious metals.

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