Friday, March 12, 2004

Advice to Wayne: buy low, sell high.

On a more serious note, I'm of the view that it's impossible to consistently beat the market over the long term. That being the case, I really don't see the point of handing over transaction fees to fund managers who invariably give me a lower rate of return than I would have obtained by simply investing in an index tracker. People who claim they can usually beat the market are either lying or omniscient.

0 Comments:

Post a Comment

<< Home