That's because the market's been dominated by entrepreneurial investors, rather than typical mutual fund investors.

There's anecdotal evidence that individual investors are looking more toward the equity market than real estate. It's a good sign initially that there's new demand, but it could suggest we're at the final stages of the advance.

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

mutual fund tax trap.

It's a point I'd make regarding any mutual fund, but it's particularly important in a mutual fund type where you expect a low absolute return. If you're paying 1 percent in expenses and you're earning just 3 percent, you're forking over literally a third of your return.

[They] say that they're going to give their child a mutual fund contribution or some kind of gift through a stock investment.