That's what I thought you would say. It's the guaranteed path to meager results. I have 30 years, I'm looking at the potential for explosive results and I'll gladly ride the coaster in the duration.
Greg, I want to thank you again for sharing your knowledge with us. This is big time financial stuff. Stuff that very well could result in financial independence and greater lifestyle if pursued actively.
I have to admit that I relied to heavily on financial advising in the past. I've taken the reigns and have analyzed funds and strategies and will make up my own mind with guidance from those voices of value. Looking at the returns on IRA's and 403b's, I just don't see it being the catalyst to get me where I want to go. Will it grow and turn into real money, yes. I just think there are better opportunities like my self managed account.
I know you are anti mutual funds for the most part. I'm looking for another bucket on top of the individual stocks, IRA's, 403b, whole life. I found this healthcare based Fidelity fund that has averaged 16% over the last 30+ years. Should I just forget it and add to my individual stocks? It looks like a majority of the growth is on the tale end which is a bit concerning.
http://research.scottrade.com/qnr/Pu...y?symbol=FSPHX