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Was a bit difficult to parse at first glance. Was the answer in favor Buffet's advice?

• diogenescynic 12y ago
  Yes, Buffett's advice gained $9,309 more over a 5-year period.
  • lsc 12y ago
    Heh. The first thing you learn when you back-test stock-trading algorithms is "Give me any investing strategy, and I will find you a five-year period where it does well." Which isn't to say that I think you can outperform index funds... I don't; but the answer, it looked to me, was 'sign up for the GreaterThanZero web app and run the model yourself.'
    • diogenescynic 12y ago
      Agreed, but in this case it looks like he was responding to Buffett's quote: >My advice to the trustee couldn’t be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions or individuals—who employ high-fee managers. Then he compared his 401k results with the Vanguard Target 2040 fund. Seems pretty straightforward.