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|Subject: Re: Professional management||Date: 7/14/2011 7:35 AM|
|Author: temsike||Number: 69284 of 77353|
The second part - a non-indexed investment vehicle is just dumb?
Well that seems like a rather biased opinion... And that is because? Please elaborate on how investing in all/any single non-indexed investment is dumb..........such as
a US Treasury / or investment grade Bond
some gold or silver
any individual stock
Shorting lean hogs and going long coffee
I would agree with all those investments.
What I don´t agree with is to hire some professional adviser at a cost of X% of portfolio assets so he/she can put your money into very costly managed mutual funds or worse, a fund of fund of very expensive managed mutual funds.
Nor would I agree with a manager who will put your money into individual stocks and bonds and then procede to turn your portfolio over X amount of times per year to pad his/her pockets with commissions, Wall Street´s with spreads, and Uncle Sam´s with short-term capital gains taxes.
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