Comments on: Lies from the Fund Industry http://www.obliviousinvestor.com/lies-from-the-fund-industry/ Investing Blog: The Oblivious Investor Tue, 07 Feb 2012 17:04:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Credit Card Chaser http://www.obliviousinvestor.com/lies-from-the-fund-industry/comment-page-1/#comment-4000 Credit Card Chaser Mon, 09 Nov 2009 22:14:11 +0000 http://www.obliviousinvestor.com/?p=5283#comment-4000 One of the most eye opening investing books that I have ever read is Burton Malkiel's "Random Walk Down Wall Street" which makes exactly the same point that you are making. One of the most eye opening investing books that I have ever read is Burton Malkiel’s “Random Walk Down Wall Street” which makes exactly the same point that you are making.

]]> By: Rick Francis http://www.obliviousinvestor.com/lies-from-the-fund-industry/comment-page-1/#comment-3998 Rick Francis Mon, 09 Nov 2009 17:37:08 +0000 http://www.obliviousinvestor.com/?p=5283#comment-3998 I must admit I fell for the “Why Settle for Average?” argument- but not for a mutual fund but for picking individual stocks. And at some points I did really beat the market handily... of course if you make a few mistakes where a picked company goes to zero then all those extra gains disappear. I always had to worry- show I sell NOW? With an index fund you don't have that worry- if the majority of companies in VT go under your portfolio is the last of your worries. -Rick Francis I must admit I fell for the “Why Settle for Average?” argument- but not for a mutual fund but for picking individual stocks. And at some points I did really beat the market handily… of course if you make a few mistakes where a picked company goes to zero then all those extra gains disappear.
I always had to worry- show I sell NOW? With an index fund you don’t have that worry- if the majority of companies in VT go under your portfolio is the last of your worries.

-Rick Francis

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