Paulie
Diamond Member
- May 19, 2007
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I agree, but would add that I would not be the least bit surprised of gold is lower, substantially lower, in the future. The point is that we never really know what will happen, do we? That is why most people diversify amongst asset classes.
god, that's so BORING though
It is Boring, but it usually makes you more money. Most investors fail to even match the market returns. They buy high and sell low. They chase returns and "hot" asset classes (like gold), they pay managers to tell them what to do, and end up losing money.
Indexing beats 80% of the mutual fund managers out there so why even screw around trying to pick a mutual fund? You go ahead and buy any actively managed mutual fund you want, I'll buy the matching index fund. wake me up in ten years and I have an 80% chance of beating you. I'll take those odds any day.
PS- When I want excitement I go to a hockey game.
If trading and investing doesn't excite you, you aren't doing it right.