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"Try not to get screwed buying funds you have no hope of understanding everyone who didn't study finance in college."
by DubiousPusher 9y ago
"Try not to get screwed buying funds you have no hope of understanding everyone who didn't study finance in college."
- ryandrake 9y agoI studied finance and still am the world’s worst stock picker. Every time I’ve experiment with investing in individual stocks I’ve lost money. Yet we ask every Tom, Dick, and Harry out there to manage their own asset allocation. It’s madness. I dump my meager savings 1/2 into a savings account and 1/2 into a low fee diversified mutual fund, since that option “sucks less” than all the other shitty options available to us normal people. My parents (and their generation) who enjoy robust defined-benefit pensions are laughing at me and my generation for sure.