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My first foray into US shares was in a managed funds which saw me lose 25% of my net worth and they still took their 1.5% fee for their service. I decided I'd
by mythz 8y ago
My first foray into US shares was in a managed funds which saw me lose 25% of my net worth and they still took their 1.5% fee for their service.
I decided I'd rather lose money due to my own decisions and loaded up on AAPL instead which ended up being recouping my losses and then some. I basically limit myself to major tech co's since that's where I see the consolidation of wealth ending up which has proven to be a smart bet so far. As long as I have good convictions about a company I'm happy to invest directly, maybe in retirement when I stop caring enough to follow companies closely I may consider a managed fund with a proven track record to diversify the risk.
- minikites 8y ago>in a managed fund That's different from an index fund.
- jressey 8y agoManaged funds are a ripoff, and not index funds. There is nearly infinite data showing that S&P 500 index funds outperform every single investment strategy. I would be focusing on bonds indexes right now though, that's just me. Good luck with the lifetime win/loss if you keep this up.
- brianpgordon 8y agoBond funds are the one place where active management actually does make sense...
- SEJeff 8y agoIndex funds track the market index, and aren't managed like a mutual fund. The fees are massively lower. You're comparing apples to lawnmowers here. They aren't the same thing.