UnThreaded | Threaded | Whole Thread (40) | Ignore Thread Prev | Next
Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Index Fund vs. Buying Individual Stocks Date: 11/24/2005 12:53 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 31
And yes, people who buy and hold - particularly buy and hold index funds - are absolute idiots. The facts bear that out.

I retired two weeks prior to my 49th birthday. I still do a little part-time consulting out of my home in the mountains, but less that a 25% schedule. DW also retired. We have a beautiful home in a wonderful mountain village, paid in full. We have no debt at all, and we have far more money than we need to live in comfort forever, regardless of how long we live, plus our son will be a millionaire when we die. We did this by putting all our spare money in Vanguard mutual funds, including the SP500. We don't jump from fund to fund, but buy and hold. Are we idiots? I don't know, but I do know that we're living a wonderful life courtesy of hard work and conservative investments in Vanguard, and by not listening to folks who say they know how to market time and invest in individual stocks.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (40) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement