Quote:
Originally Posted by RPDaly
Too many just put you in pedestrian mutual funds that already have a fund manager taking a built-in commission from you to manage your investment. They think that is worth them taking some of your wealth. Many then have no real knowledge of market direction and tell you regardless of your age and how unhappy you are after you got their last monthly statement and see how much your portfolio dipped that you need to invest for the long term and not time the market. If I am going to give someone 2% of my wealth they better well know how to time the market.
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If they knew how to time the market they would be multi billionaires and would have no reason to bother managing other peoples money.