According to Goldman Sachs, nearly two thirds of active US stock mutual fund managers lagged their benchmarks in 2012. And, 88% of hedge funds were lagging the S&P 500 as of mid-December (8.1% at that time). The S&P 500 jumped 13% for the year. These 150 billion who left actively managed funds and the 99 Billion that entered passively managed ETF’s are looking pretty smart right now. It doesn’t happen all the time. Is it worth the cost of active management, when you can buy the index for a song? Let us know what your experience has been. If you don’t know, perhaps it’s time for an investment check-up to get 2013 off on the right foot.