<prompt> Human: Im a college student graduating this semester and Im about to start working, so Ill finally have enough money to begin investing, but I dont know much about it. Ive read in a few places that the best strategy is going for low expense funds like with Vanguard, but why is that better than hiring somebody to actively manage your investments? Lots of places seem to reference studies show the Vanguard strategy is better but I havent been able to find any of them myself.So basically, should I go with Vanguard with some broad index funds and let my money grow, or actively manage my money with individual stocks? And can anybody provide sources to back it up?Thanks!  <response>: To be brief, actively managed funds come with higher expenses which eat into your returns. These managed funds generally do not perform better than the market over the long haul, yet can cost you tens of thousands more than index passive funds over the years. While Vanguard is a solid choice, there are other companies Fidelity who offer low cost index funds as well. Here is one of probably thousands of studies that have been done on this. Passive vs. Active 