Buying index funds is a cost-effective way to diversify in equity. Vanguard funds are the way to go. John Bogle is a legend, and everyone should read his books.
Diversification needs to be done within the context of the entire portfolio. Throwing 100% of assets into equities through an index fund, will not save you from equity market underperformance. Diversification across asset classes is necessary as well to mitigate risk, especially as objectives change over time from growth to preservation of principal. That being said, with the lengthy time horizon for everyone here, equity should be the vast majority of allocation.
There are good advisers out there contrary to what people say here. Most aren’t stock pickers, but manage your wealth and help create a plan for retirement. If you don’t have the time or interest to devote to managing your own portfolio, you are better off allowing someone else to do it.
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Buying index funds is a cost-effective way to diversify in equity. Vanguard funds are the way to go. John Bogle is a legend, and everyone should read his books.
Diversification needs to be done within the context of the entire portfolio. Throwing 100% of assets into equities through an index fund, will not save you from equity market underperformance. Diversification across asset classes is necessary as well to mitigate risk, especially as objectives change over time from growth to preservation of principal. That being said, with the lengthy time horizon for everyone here, equity should be the vast majority of allocation.
There are good advisers out there contrary to what people say here. Most aren’t stock pickers, but manage your wealth and help create a plan for retirement. If you don’t have the time or interest to devote to managing your own portfolio, you are better off allowing someone else to do it.
I hope the PD shows up to this lunatics house and forcibly commits him. We can’t have psychos like that living among us.
I’m too scared to hit driver off the first tee playing by myself during twilight hours at the local muni…