No. of Recommendations: 41
>> Ignore the ignorant people on this board that just want you to buy index funds. I have never seen so many people who know so little say so much. Mediocracy finds comfort in things like the Efficient Market Theory, but anybody who is reasonably energetic can certainly beat an index like the S&P. <<

Unacceptably reckless advice for someone who only has $50K and is just getting started by their own admission.

I have no problem with people who have enough money getting the feel for active trading with 5% of their money, then 10%, then 20% and then some with their money once they know what they're doing and if they are successful with it. If you're good at it, you have many years to build a lot of wealth, but it t akes almost NO time to lose it if you're not prepared.

But to tell a relative beginner to "ignore" buy-and-hold indexing, and to be insulting and arrogant enough to call them "ignorant," well, that's pretty bad.

Some people CAN be successful active traders. To suggest that people drop their buy-and-hold indexing to completely pursue active trading when they can't afford to lose much is financial malpractice. And not everyone is looking for a home run every time at bat. Some people are in the position to accept a lot of singles and double and cut down the number of triple plays.

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