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Here's a comment from a reader posted one year ago today. This one asks when will people realize that they can't beat the stock market and start investing in index funds instead. (Which, as you can imagine, I loved!) For details, see Comments: Where the Pros Stash Their Own Dough; Use Index Funds.
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I started to post this as a comment in response to this post but I felt it better as a post here.
First, I call BS. While there is nothing wrong with investing in index funds, or even mutual funds, it doesnt mean you cant beat the m... [Read More]
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I agree that investors that don't want to educate themselves in the market that they are investing in should use index or mutual. I still don't understand why people just dont try to replicate Berkshire's investment plan.
Posted by: efipo.com | November 15, 2006 at 05:31 PM
Just this morning a friend from work was telling me how proud on himself he was because his investment this year in Cisco has returned him 10.3%. I'm always advocating index funds. After his announcement, he somewhat sheepishly acknowledged the S&P 500 has returned almost 12%. Even if he doesn't act on it, at least he knows what he's missing. It's a start.
Posted by: Kevin | November 16, 2006 at 09:35 AM
Which of course brings up the question, which index, or rather, indicies, since many asset classes are omitted from many.
Posted by: Lord | November 16, 2006 at 03:15 PM