The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/apart-from-web-can-you-name-twenty-five-other-26528397.aspx

Subject:  Re: Withdrawal rates in retirement Date:  4/2/2008  3:33 PM
Author:  LGM2007 Number:  62109 of 76080

Apart from WEB, can you name twenty-five other professional money managers that you would recommend to people, and who would be available for someone with say 50k balance and expected 12k year contribution?


Of course not. But I can probably name 25 people I've met throughout the past 5-10 years with college degrees who don't know what an index fund is and are keeping their money in cd's because they don't know what else to do with it. I wasn't saying that any or all professional money managers beat the returns of the indexes they try to beat by 1% or more - I was saying that some people just have no clue what to do with their money that even if a money manager took their $, put it in an index fund for them, and kept an admittedly ridiculous 1% fee for doing so - that person would be better off than being on their own. I was making a comment about how ignorant many otherwise intelligent people are about investments, not praising the advisors.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us