Solomon once wrote, “Where there is no guidance the people fall, But in abundance of counselors there is victory.” (Proverbs 11:14 NASB) In the world of investing, there is no shortage of people willing to give you advice.  From mutual fund offerings to investment advisors to insurance salesman, everyone wants to get in the game of advice.  But could this advice be detrimental to your faith and wallet?

The other day I read a puzzling report about how mutual fund inflows were the highest in nearly two years.  Strategic Insight, a firm specializing in mutual fund consulting reported that over $136 billion flowed into stock and bond funds during the 2nd quarter of 2009.   The money going back into the market isn’t the troubling part; it’s the amount going into mutual funds, especially retail mutual funds. Retail mutual funds tend to have layers of hidden fees.

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