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re: OT - DNC Imploding
Posted on 8/1/16 at 10:30 pm to BeefDawg
Posted on 8/1/16 at 10:30 pm to BeefDawg
Fees can devour principal. So how many intermediaries do you want between you and the earnings stream. Equities then funds of equities then funds of funds then an investment advisor who places you in funds and might be compensated by those funds.
A person spends a lifetime earning money. Countless hours, days, weeks, months and years. Spend the time necessary to learn how to invest wisely. Investing isn't rocket science. Read Graham and Dodd. Start reading annual reports and concentrate on yearly results instead of quarterly. Pay special attention to the notes to financial statements. Equity diversification can be accomplished by owning positions in as little as five companies.
In the final analysis, the only person you can trust is yourself and no other person is as motivated to protect your interests as you are.
A person spends a lifetime earning money. Countless hours, days, weeks, months and years. Spend the time necessary to learn how to invest wisely. Investing isn't rocket science. Read Graham and Dodd. Start reading annual reports and concentrate on yearly results instead of quarterly. Pay special attention to the notes to financial statements. Equity diversification can be accomplished by owning positions in as little as five companies.
In the final analysis, the only person you can trust is yourself and no other person is as motivated to protect your interests as you are.
1
Posted on 8/1/16 at 11:01 pm to Whiznot
In 2008, all my clients made between -3% and +6% while the market lost 37%.
Anyone who was 100% in the market in 08 with no downside protection investments and no non-correlated investments lost their arse.
I don't have a single client who isn't still reaching the goals we designed for them on day one of creating their portfolio. All my clients are significantly ahead of their friend's who were 100% in the market when the crash hit.
You guys can act like financial advisors aren't worth it and you can do better on your own if you want, but it's pretty reckless to suggest that's feasible for everyone. Especially when we're in a bubble and overdue for a correction.
Anyone who was 100% in the market in 08 with no downside protection investments and no non-correlated investments lost their arse.
I don't have a single client who isn't still reaching the goals we designed for them on day one of creating their portfolio. All my clients are significantly ahead of their friend's who were 100% in the market when the crash hit.
You guys can act like financial advisors aren't worth it and you can do better on your own if you want, but it's pretty reckless to suggest that's feasible for everyone. Especially when we're in a bubble and overdue for a correction.
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