Quote:
Originally Posted by Craig
If he can do it, good for him. I know that I'm not willing to spend the time and effort required to become an expert in specific markets and businesses. There is a reason that fund managers are paid very well.
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Me either.
Me 401k has been managed by an outside manager. I used to use a local guy, who saved me bacon in the 2008 freefall. We switched to a new investment platform with Nationwide in mid year and I turned the management over to Wilshire Associates. Between the two, total account value up 43% for the year.
On the other hand, I tossed 2,000 into a Roth IRA for my daughter back in 1998. It has rollercoasted up and down for 10 years and is back at 2,000.
(J20)