Quote:
Originally Posted by GregWeld
Fantastic work Woody!!
This really is so simple ANYONE can do it -- but somehow we'd rather "leave it alone" or ignore it altogether... 
So you just summed up WHY I THINK MUTUAL FUNDS SUCK.... because they're not going to buy anything you can't on your own... but there PERFORMANCE will be pulled down because of DILUTION.... They can't just own the best of breed -- they're just going to buy EVERYTHING... because most are simply set up to mimic some "standard" -- whether it's the S&P 500 or some other index. Then they churn the stocks -- and charge you fees for all this... and in the meantime you have no idea what's what.
If you can buy 10 to 20 top stocks - you have a mutual fund. No fees. And you are in control.
Mutual funds were great for people -- they get a job -- and they can "save" $50 or $100 per paycheck... so they have a "place"... but you can do better on your own as soon as you have 10 grand or so. |
Again I am still learning, so bear with me. I really hate 401K and the Mutual Funds in them... Fees and terrible choices....
But in my Schwab self run plan, I do own , along with many other things, these Mutual Funds. I am not saying to buy them, remember , I am a novice, but I picked Great performers, but i am not sure if it is the best route..
I have the following
OIBAX,LSBRX,TGLDX,TPICX,SAMIX,TGINX,PTTDX,
I did the research, and these picks crush the similar funds of others.. But they are really cut up into a thousand investments..
But I am going to have to do so much homework after reading this thread...