tag:blogger.com,1999:blog-8091367287813993533.post5225164975788140887..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: Think you or your advisor can beat the market?Robert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8091367287813993533.post-63790311742077728082010-05-31T06:43:08.753-04:002010-05-31T06:43:08.753-04:00re: Parker
Hey, if you've got the time, the r...re: Parker<br /><br />Hey, if you've got the time, the resources, and the know how then go for it.<br /><br />Doing it yourself is a huge advantage. Having a "pro" do it for you costs so much that in the long run a small cap ETF is a better choice, I believe.<br /><br />I recommend to my clients that no more than 20% of their retirement funds be invested like this because of the Robert Wasilewskihttps://www.blogger.com/profile/04536814650758511673noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-44251044645160649562010-05-30T10:55:54.135-04:002010-05-30T10:55:54.135-04:00Big S&P 500 type companies comprise over 80% o...Big S&P 500 type companies comprise over 80% of of total US market capitalization.<br /><br />By definition, this is where most money will be invested, so it stands to reason that this is where most professional time and energy will be directed.<br /><br />For this reason, any investor interested in these kinds of companies would probably be better off sticking to a passive investing strategyUnknownhttps://www.blogger.com/profile/11394409575254934751noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-49054945004702443662010-05-23T22:22:47.553-04:002010-05-23T22:22:47.553-04:00Just ask them, they'll be happy to tell you ho...Just ask them, they'll be happy to tell you how smart they are any day of the week. Hagstrom still keeps trying to sell that he can beat the market through a concentrated portfolio of outstanding companies a la Buffett, but his results have fallen far short of the hype.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-64640644933711169602010-05-23T21:41:32.727-04:002010-05-23T21:41:32.727-04:00And the thing is...these guys are super smart and ...And the thing is...these guys are super smart and have access to all kinds of info!Robert Wasilewskihttps://www.blogger.com/profile/04536814650758511673noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-88887904319463659682010-05-22T18:31:58.508-04:002010-05-22T18:31:58.508-04:00I've invested both with both Bill Miller and R...I've invested both with both Bill Miller and Robert Hagstrom (author of the Warren Buffett Way books) at Legg Mason. Boy was that a wild ride, and a mistake I'll never repeat again. The performance didn't live up to the hype, and the high expense ratios were tough for any manager to overcome consistently.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.com