Skewering of Leftist Economic "Conventional Wisdom"

[nailer]

Originally Posted by Chicks

So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.

Even with an indexed S&P 500 fund you're speculating too.

[Chicks]

Originally Posted by nailer

Even with an indexed S&P 500 fund you're speculating too.

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

[whell]

Originally Posted by Chicks

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

Pretty stiff loads in some of those lifestyle mutual funds, though.

[nailer]

Originally Posted by Chicks

Which is why you use asset allocation to balance risk and reward, moving toward lower risk as you grow older. Lots of great index funds from Vanguard that make it easy to do this, and, over time, will always outperform the speculators.

You sound like a Vanguard financial advisor/consultant.

[Chicks]

Originally Posted by nailer

You sound like a Vanguard financial advisor/consultant.

Well, unlike most investment firms, as an investor in their funds, you are an owner of the company, so in a way you’re correct. Wish I could move my 401K there from Fidelity, as well; my Vanguard returns have substantially outperformed the 401K, with its higher fees and limited choices.

[nailer]

Originally Posted by Chicks

Well, unlike most investment firms, as an investor in their funds, you are an owner of the company, so in a way you’re correct. Wish I could move my 401K there from Fidelity, as well; my Vanguard returns have substantially outperformed the 401K, with its higher fees and limited choices.

No thanks, I'll stick with my current investment mix/strategy.

[bobabode]

Originally Posted by nailer

No thanks, I'll stick with my current investment mix/strategy.

Kick-a-poo joy juice and pork belly futures?

[nailer]

Originally Posted by bobabode

Kick-a-poo joy juice and pork belly futures?

Don't have any individual stocks, e.g. Monarch Beverage Company and future markets are far too risky for this retiree.