nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Merry Festivus........and now to the airing of grievances.
I was at a party last night and a friend complained that they'd lost 25% on some emerging markets EFT. I asked how it figured in their AA and the answer was basically "what's AA" and "a friend said EMs were the place to be because of the returns". Most people get sucked into chasing returns and it's a loosing game. So I want to praise all those who just SAVE and don't fall for the Wall Street hype and run after returns. We have lost the idea of just putting money aside, we now want big returns as well. Before we go looking for returns we should LBYM and just save! The mutual funds have all convinced us that they are the best place to put out money, but in many circumstances they should be actively avoided because of fees and poor performance.
OK I'm done back to the egg nog
I was at a party last night and a friend complained that they'd lost 25% on some emerging markets EFT. I asked how it figured in their AA and the answer was basically "what's AA" and "a friend said EMs were the place to be because of the returns". Most people get sucked into chasing returns and it's a loosing game. So I want to praise all those who just SAVE and don't fall for the Wall Street hype and run after returns. We have lost the idea of just putting money aside, we now want big returns as well. Before we go looking for returns we should LBYM and just save! The mutual funds have all convinced us that they are the best place to put out money, but in many circumstances they should be actively avoided because of fees and poor performance.
OK I'm done back to the egg nog