From prosolution.com.au: Investing through index funds is favored over actively managed funds due to its proven track record of better performance and lower risk, with over 85% of Australian active funds and 90% of US active funds failing to outperform their respective indices over the past 15 years.

In 2024, the ASX 200 rose by 11.55% primarily due to bank performance, while the S&P 500 increased by 25.02%, largely driven by a few major tech companies known as the “Magnificent Seven.”