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Index funds are nice, but I do not rule out mutual funds as a vehicle for individuals who have neither the time or inclination for market analysis. As a now more-or-less retired financial advisor, I have recommended mutual funds to some folks who want to make periodic investments and let someone else do the analysis.
Purry..Please do yourself a favor. Join the American Association of Individual Investors. They publish an annual guide to investing which is heavy on funds. There are a considerable number of funds that have done quite well, have no load and no 12b-1 charges either. A response I made elsewhere lists T. Rowe Price as one of these.
Sadly, I have friends who would NEVER go to a financial advisor, and four years ago had a good nest egg started. Now, quite a few of them are left with nickles on the dollar since they thought they knew how to time the market. The market is a non-sentient beast, run more on emotion than logic. Watch the headlines, watch the market. Watch what kind of news has what kind of result. Try to find the rationale. Give up?
A friend of mine who is associated with Edward Jones has a pat answer for new customers: "General Electric". One size fits all.....Ho Hum....
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Bob S. former owner of a 1984 silver 944
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