No. of Recommendations: 1
Dr Tar:
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
Swiss francs
REIT
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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