I’ve met quite a few people who complain that their ‘investors’ or mutual funds lose their money all the time. Some of them use this as justification to just blow all their money on boats and going out for lunch every couple of days. Bad call bros. Your investor may be making terrible choices (which you have allowed) but more than likely you can fix the problem, get in control and stop being such a fatalist about your financial future by switching to index investing. Of all the potential reasons why your investment situation is sucking, there are two that are most likely the problem for you:
- Your investor or mutual fund is picking stocks that suck
- You’re paying insane MERs.
Index investing is the way to beat half of the money investing in the stock market, guaranteed! Seriously. Continue reading Index investing: because average is better than most