Re: Cycling editorial

On 6/7/2024 9:56 AM, Frank Krygowski wrote:

On 6/7/2024 10:31 AM, Jeff Liebermann wrote:

On Fri, 7 Jun 2024 12:43:03 +0200, Rolf Mantel <news@hartig-mantel.de>
wrote:

>
The best "casual" investment tip definitely was around by 1995 (website
"the motley fool"):
Buy individual shares only for gambling.  Invest into index funds
following a very broad index (e.g. S&P 500 or MSCI world index) and hold
for a minimum of 20 years.
>
This way, the crashes in 1987, 2001 and 2008 would have been relatively
unimportant.
>
Rolf "followed through after the 2008 crash once ETF existed"

>
Some advice I've received was:
"It's ok to risk your surplus cash and profits from previous
investments.  It's not ok to invest the interest bearing principal."
Such conservative advice hasn't made me any money, but has saved me
from investing everything and ending up with nothing, which is what
I've seen happen a few times.

 I had some moderate success in choosing certain bond funds. I had some small failures in choosing individual stocks. But I've never been interested enough to devote the necessary time do deep study of investing.
 My best move was hiring a well-recommended person to deal with my money, give strategic advice, etc. She has decades of experience in the field, has an outstanding reputation and knows far, far more than I'll ever know about investing. I wish I'd hired her much sooner than I did.
 

With no comment on her proficiency, and I trust she is sincere, almost no investment managers beat an index fund for net return after fees over a ten year period.
--
Andrew Muzi
am@yellowjersey.org
Open every day since 1 April, 1971