On May 5, 2008, at 5:37 PM, 123hop at comcast.net wrote:
> Why would you do that in a bear market?
>
> Joanna
That would be the *best* time because prices would be much higher when the bull market returns, and you're thinking 30 years, not one quarter.
But (btw) why an index fund? why not BRK.B?
> -------------- Original message ----------------------
> From: Doug Henwood <dhenwood at panix.com>
>>
>> On May 4, 2008, at 1:43 PM, Joseph Catron quoted:
>>
>>> An important reason for this
>>> underperformance is the fact that fund managers can end up skimming
>>> off more than 25 percent of the fund as a fee for their services.
>>> The
>>> study does find that some funds do consistently better than the
>>> average, but it's not clear why most funds underperform.
>>
>> Because it's nearly impossible to beat the market consistently,
>> unless your name is Soros or Buffett - even before fees and
>> commissions. As I've said a bunch of times before, most people who
>> are saving for retirement would do best by putting their money in a
>> Vanguard index fund and leaving it alone for 30 years.
>>
>> Doug
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Shane Mage
"Thunderbolt steers all things...it consents and does not consent to be called Zeus."
Herakleitos of Ephesos