REAL academics tell us that the market is not something you "beat." Anyone selling that line is a charlatan. However, you deserve the returns of the global marketplace. All of the markets....so you have to invest in all of them. The best vehicle for that is a globally diversified pie of cheap ETFs. Human nature is that of a failed investor. Most people need a compassionate, objective financial advisor to assure they GET the returns of the market. The 1929 boogeyman is like fighting the civil war. Every 5 years, on average, the market drops 30%....and will continue to do so. Most people don't have the stones to sit through that (not to mention rebalance).
Edward, our objective is not to beat “ the market”. And in fact, how do we benchmark ourselves? Certainly not the S&P 500, which is you know is dominated by a dozen or so stocks. Our focus is on themes which we believe have long term compounding attributes, such as space and defense, certain commodities which are somewhat protective against inflation, the aging population and the ramifications of ever leer fecundity rates, health and wellness, energy, and others. Our websites’s Insights tab will give you more perspective. Thanks for commenting.
Fred, thanks for the response. My comment was in response to Larry's disdain for investment advisors. His implication was the only reason you have one is to "beat" the market. Real financial advisors know to own a globally diversified portolio of inexpensive funds, and the value add is behavioral along with tax planning. I own everything you own and more, and I'll bet I beat your performance over the long term, or at least come close, give or take......and that percentage or two difference won't make a difference as to whether I can afford a nursing home, or pay for a grandchild's college.......to even say that sounds silly and grotesque. Benchmarks are irrelevant.
REAL academics tell us that the market is not something you "beat." Anyone selling that line is a charlatan. However, you deserve the returns of the global marketplace. All of the markets....so you have to invest in all of them. The best vehicle for that is a globally diversified pie of cheap ETFs. Human nature is that of a failed investor. Most people need a compassionate, objective financial advisor to assure they GET the returns of the market. The 1929 boogeyman is like fighting the civil war. Every 5 years, on average, the market drops 30%....and will continue to do so. Most people don't have the stones to sit through that (not to mention rebalance).
Edward, our objective is not to beat “ the market”. And in fact, how do we benchmark ourselves? Certainly not the S&P 500, which is you know is dominated by a dozen or so stocks. Our focus is on themes which we believe have long term compounding attributes, such as space and defense, certain commodities which are somewhat protective against inflation, the aging population and the ramifications of ever leer fecundity rates, health and wellness, energy, and others. Our websites’s Insights tab will give you more perspective. Thanks for commenting.
Fred, thanks for the response. My comment was in response to Larry's disdain for investment advisors. His implication was the only reason you have one is to "beat" the market. Real financial advisors know to own a globally diversified portolio of inexpensive funds, and the value add is behavioral along with tax planning. I own everything you own and more, and I'll bet I beat your performance over the long term, or at least come close, give or take......and that percentage or two difference won't make a difference as to whether I can afford a nursing home, or pay for a grandchild's college.......to even say that sounds silly and grotesque. Benchmarks are irrelevant.