Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Tell us something we didn't already know ....
Old 12-07-2006, 08:28 PM   #1
Recycles dryer sheets
 
Join Date: Dec 2005
Posts: 209
Tell us something we didn't already know ....

Interesting Yahoo Finance article regarding self directed investing:

http://biz.yahoo.com/brn/061206/20408.html

Download the cited study at:

http://papers.ssrn.com/sol3/papers.c...#PaperDownload

I hope this is not old news to everyone here.
__________________

__________________
bbuzzard is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Tell us something we didn't already know ....
Old 12-07-2006, 10:02 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,457
Re: Tell us something we didn't already know ....

Great article! Wow - really shows you how the deck is stacked - eh?

Audrey
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Re: Tell us something we didn't already know ....
Old 12-07-2006, 10:08 PM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Re: Tell us something we didn't already know ....

"In a race for the best mutual fund returns between do-it-yourself investors and those who get guidance from financial advisers, you might expect the latter to win. After all, they're receiving the benefit of expert advice. They likely have access to special mutual funds with complex investment strategies or funds that are smaller and lesser-known. Their advisers hypothetically would select funds with better risk-adjusted returns and lower costs (excluding loads, of course).

Plus, they'd give their clients better advice about asset allocation, which is the primary driver of portfolio performance, according to a well-known landmark study published in 1986 in the Financial Analysts Journal.

Meanwhile, individual investors without the benefit of this expert advice would lumber along slowly, achieving dull returns in a futile race. Right?

Nope. In fact, two recent studies arrive at the opposite conclusion: that do-it-yourself investors do better without help from the so-called experts."




__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 10:24 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.