yakers
Thinks s/he gets paid by the post
Like a lot of folks here I have been saving & investing with mixed success over 25+ years. A first I tried to be a bit smart and worked with a (actually decent) financial planner and then went with DRIPs and mostly index funds in my (401k type) deferred comp account (TSP). I tried ibonds. I am a fan of Vanguard and have my Roth with them and my wife’s IRA in their Wellesley Fund. That being said, I am becoming more of a fan of my TSP Lifecycle Fund and other Lifestyle and Target Retirement type accounts. The folks on the Vanguard diehards site may want to slice & dice 10 different ways and there are some serious investors here (brewer & Ha come to mind) who really follow markets and are able to make considered investments. But I don’t have the time (& temperament?) to be a trader. I just want to get on with my life without getting screwed financially. So I, as 12 step folks might say, ‘come to believe’ in these simple, low fee, diversified, mostly index funds. Its amazing, over time, to see the funds simply keep growing. Even in ‘bad’ markets they don’t fall much. And they adjust for my age so I don’t have to keep playing with them.
I don’t know what the market would look like if just a large proportion of traders, brokers and mutual funds just disappeared but that would work for me and I suspect, for most people.
I don’t know what the market would look like if just a large proportion of traders, brokers and mutual funds just disappeared but that would work for me and I suspect, for most people.