Originally Posted by Nords
Join an angel investor's club...
Ugh! That's work! And money-losing one at that!
Being one of the core technical starters of a business venture, I have helped our investors burned their money, and burned several years of my youth, forfeited cushy megacorp salary and 401k and pension, and benefits, and ... [Rant Off].
Having dropping out for quite a few years now, I am no longer privy to their balance sheet, but the loss was in the tens of million when I quit. Business was still limping along as of last year, and was trading as penny stock last time I look.
No, here's my plan. I have always kept 1/2 of my equities in MFs, and half for myself to go play the roulette table at Scottrade. I will just give Buffet the MF money, and continue with my portion, and see if I can beat him. I am not as smart, but can I make use of the agility of a small investor (that's the theory anyway!)?