Talk of The Villages Florida - View Single Post - Why hire an investment advisor/planner/counselor?
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Old 10-04-2023, 11:42 AM
DAVES DAVES is offline
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My view. We all know when you talk money, few speak truth and few know truth. Warren Buffet called the greatest stock picker has stated he does not often beat the S&P average and we are best off simply buying the S&P. Another option, Buffet like, you can buy shares of Berkshire Hathaway.
Things have changed. Used to be commissions were far higher. Information was not as easy to find and you would pay more if you did not buy round lots of 100 shares. Today, you can buy with no commission and you can buy partial shares.
Compared to the S&P. Truth, my brokerage statement prevents me from lying to myself. In ten years on a yearly basis I beat the s&p twice. Over the ten years the S&P BEAT ME.
MONEY is just a number. It is simply a tool of exchange. You spend money after TAXES and INFLATION is simply another TAX.
Woulda, shoulda, coulda. This is REALITY. There are no do overs.
Further REALITY. Buffet like, if I remember Jr High English has become an adverb. I recall reading Buffet lost 44 million on some trade. REALITY, Buffet Like, if I lost 44 million there would be a lot of people wondering why they were foolish enough to LEND ME that much money. It is perhaps interesting that Buffet called the greatest stock picker also makes mistakes. Returns in the stock market should be higher to justify the RISK.
I read a lot and expect, no demand it makes sense. It seems we no longer middle aged are investing like we are younger than we are. Will it bite us? Where to hide? That too beats me.