Quit reverse polishing my name!
I dont shun anything. I just try to know whats what.
I bought individual stocks when I thought there was money to be made there. My triple digit returns for 6 years running show that to be true. I attribute 94% of that return to a market you couldnt lose in, and 6% to sheer luck.
I owned (and still own) actively managed funds where I thought those made sense, and made money on them in a sideways market. I also wanted stability, low volatility and high income, and some actively managed funds (specifically wellesley and wellington) offered those characteristics.
As the market settled and seems fairly valued, and I got married to a working woman and procreated, I moved into indexes as my horizon got a lot longer, volatility stopped meaning much to me, and I didnt need as much current income.
History shows that stock pickers rarely beat the market over the long term. Actively managed funds dont either.
No feathers ruffled and I hope no original ruffling occurred, as I including the 'winkie' and everything. Have we become desensitized to the single winkie and now need two and maybe a laugh thrown in to indicate sarcasm?
That having been said, I havent taken a loss on any holdings for about 5 years. I've made plenty. That money came from somewhere.