No. of Recommendations: 1
"No, absolutely not. This is why the best thing is to put everything in two or three diversified funds, and then leave things alone."

This is a dramatic oversimplification. "Best" and any extreme description are rarely (not never) accurate! I choose to invest a significant portion of my portfolio in individual securities to minimize costs. I don't feel the need to pay 1% of assets each year to a fund company for the large cap portion of my portfolio. Provided my stock selection is adequate, diversified funds are not the best choice for me as defined by creating the most wealth with risk that I'm comfortable with.

A thought on the 3% - I look at it like this: would I give away 3% of my portfolio? With the exception of a charitable point of view - absolutely not! 3% is important, as is 1%, as is 30%!

Best of luck!

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