tag:blogger.com,1999:blog-8091367287813993533.post6477612441231833518..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: Still Paying 1st Class For Coach?Robert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8091367287813993533.post-50117198480085606772010-10-06T18:21:59.288-04:002010-10-06T18:21:59.288-04:00Robert,
This is a great post.
But here are my ...Robert,<br /><br />This is a great post. <br /><br />But here are my 2 cents worth. After seeing more than 40 different investment accounts, if my informal assessment of just 40 or so is any indication, your "80% underperforming the market" is way off. No where near 20% outperform the market. That number might apply for pre-tax, pre-survivorship bias actively managed mutual fund Andrew Hallamhttp://www.andrewhallam.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-3695441956132978242010-10-03T21:01:24.808-04:002010-10-03T21:01:24.808-04:00What a great analogy. Philosophically, I think thi...What a great analogy. Philosophically, I think this is the very basis that many DIYers have (versus just being cheap). It's about the value (or lack thereof) that many investors find with advisers. They are a big rip for many.Shawn Watsonhttps://www.blogger.com/profile/05668363529447868141noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-26969923034171797532010-10-02T19:18:27.928-04:002010-10-02T19:18:27.928-04:00I think they don't mind being sheared as long ...I think they don't mind being sheared as long as they believe they are going to beat the market. As a modern day Mr. Micawber might say: "Annual performance better than the market, result happiness. Annual performance worse than the market, result misery."The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-31602159886892071032010-10-02T16:47:31.700-04:002010-10-02T16:47:31.700-04:00But what you may not appreciate is that it is very...But what you may not appreciate is that it is very difficult to get across to people. Sometimes I think many people don't mind being sheared as long as they are not bothered to think. But In guess that's the case i9n a lot of areas besides their life savings!DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-51442693735656859112010-10-02T12:56:49.842-04:002010-10-02T12:56:49.842-04:00You're preaching to the choir with me on this ...You're preaching to the choir with me on this one. The best predictor of future performance is expense ratios, the lower the better.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.com