Thread: Economics Investments & Personal Finance
View Single Post
Old 01-25-2013, 09:01 AM   #22
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $8620
Quote:
Originally Posted by La literatura View Post
Interesting. I take it that managed mutual funds are directed then towards consumers who want to have more input in what goes in the basket. But for a person who doesn't have ties to financial and business trends, the index fund is a better way to go, in general.

The consumer has no input over what goes into the basket, it's managed by the mutual fund manager.

You can, of course, directly buy/sell specific stocks. I typically avoid that myself, as I have neither the time nor the skill.

Index funds are generally the better way to go.

There are a hundred million books on these topics, but one very good one that lays out a simple, straight-forward intelligent plan is this one, written by a Wharton professor, which is now on its 12th edition or whatever. It's sort of "timeless" advice for effective investing.


http://www.amazon.com/Random-Walk-Do.../dp/0393330338
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 33,525
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote