Investing 102

[RECOVERY ROOM]

I now what you mean, Im looking at everything now because of the info hear....WOW. ( I take it that GW hates funds)

[Bucketlist2012]

Originally Posted by RECOVERY ROOM

I now what you mean, Im looking at everything now because of the info hear....WOW. ( I take it that GW hates funds)

Yes.. I truly believe that just doing the investing and research, and networking like we are doing, will be more than most will ever do...

With study and Smart work, we will do well...But with a little more effort and research, we can do even better, without being greedy...IMHO

[GregWeld]

Originally Posted by solarguy09

Yes.. I truly believe that just doing the investing and research, and networking like we are doing, will be more than most will ever do...

With study and Smart work, we will do well...But with a little more effort and research, we can do even better, without being greedy...IMHO

What I hate the most about FUNDS - is the comparisons -- because it's so hard to do... and there's so many BAD funds out there...

People say to me - man the stock market really sucks - my mutual funds are down 20% and I just want to slap them! Because somehow they think "their mutual fund" is hooked to the hip of the stock market... and they're NOT...

[Bucketlist2012]

Originally Posted by GregWeld

What I hate the most about FUNDS - is the comparisons -- because it's so hard to do... and there's so many BAD funds out there...

People say to me - man the stock market really sucks - my mutual funds are down 20% and I just want to slap them! Because somehow they think "their mutual fund" is hooked to the hip of the stock market... and they're NOT...

Being the novice, it is hard for me to compare my funds to anything other than similar funds of it's kind. But they are so sliced up, I can't compare them to anything individual ..

A lot of my stuff doesn't follow the Market...Heck, some of my Gold funds don't even follow the price of Gold...

So I am still figuring things out.. I am just trying to limit my errors, and any under performing..

but the process of learning, and the rewards of doing something, are well ....addicting..

P.S. If their funds are down 20%, they have the wrong funds...

[GregWeld]

Originally Posted by solarguy09

Being the novice, it is hard for me to compare my funds to anything other than similar funds of it's kind. But they are so sliced up, I can't compare them to anything individual ..

A lot of my stuff doesn't follow the Market...Heck, some of my Gold funds don't even follow the price of Gold...

So I am still figuring things out.. I am just trying to limit my errors, and any under performing..

but the process of learning, and the rewards of doing something, are well ....addicting..

P.S. If their funds are down 20%, they have the wrong funds...

Well -- that's the big issue with funds -- it's really so hard to accurately gauge the performance. Most are just mediocre... and when you factor in the 1% fees (many are slightly less and many are more)... that's just money for nothing. You funds - except the one - are decent. But I still would be willing to bet that you can do BETTER on your own.

Ya know -- 1% fee on a 100K IRA account is 1 grand.... after 10 years -- that's 10 grand in someone else's pocket. It's one thing if I'm paying people to MAKE me money - then one could argue that the 1% is money well spent... but when people wake up and after 10 years they're barely ahead... then that fee is beyond stupid! 100 grand - after 10 years - better be 200 grand or something is wrong!

[Bucketlist2012]

Originally Posted by GregWeld

Well -- that's the big issue with funds -- it's really so hard to accurately gauge the performance. Most are just mediocre... and when you factor in the 1% fees (many are slightly less and many are more)... that's just money for nothing. You funds - except the one - are decent. But I still would be willing to bet that you can do BETTER on your own.

Ya know -- 1% fee on a 100K IRA account is 1 grand.... after 10 years -- that's 10 grand in someone else's pocket. It's one thing if I'm paying people to MAKE me money - then one could argue that the 1% is money well spent... but when people wake up and after 10 years they're barely ahead... then that fee is beyond stupid! 100 grand - after 10 years - better be 200 grand or something is wrong!

Thanks Greg..

Man, I will have to run some other holdings i have , by you on another day. I really do appreciate your taking the time to give me your opinion.

Yes, most of my buys were in 2008/2009, so I am a happy guy..

Again I kept most of my money out of my 401K and self invested. the hidden fees in a company plan are madness..

On another note, I go by the car shop tomorrow to get pictures underneath before they take it off the lift..Then it is a test drive....WOOT.

[Bucketlist2012]

Ok, I thought I would wait , but here are some other holdings I have.

BPT, KMP, SDRL, SLW, SPH,CEF, GTU, TIP,SCHO for cash on hand

[GregWeld]

Originally Posted by RECOVERY ROOM

I now what you mean, Im looking at everything now because of the info hear....WOW. ( I take it that GW hates funds)

Hate is not a strong enough description....