Unimog
Eric
- Location
- Stansbury Park, UT
Interesting to watch and I dabble a little at investing, but to be fair, with the money I depend on for retirement, I'm a very boring investor. I put most into safe index funds that have a threshold of minimum return and follow the index up to some maximum return, like 18-20%. The analysis I have done is that most people can make pretty good money when the market is up, but very few can minimize losses when it is down.
I'm always amused when I see small time investors hoping to make it really big - as in replace the job kind of income. I had an uncle who I think was pretty smart and spent a successful career as a broker. He never came out rich, although he made a good living - mostly from client's money. I don't think any of these folks pouring money in today are smarter or know more than he did. I know I don't.
I was watching a very successful fund manager on a business show this weekend that has a great track record. He was indicating that the fund he manages currently has a lot, but not all, of their assets in cash because there is too much unpredictability in the current market. In his view, there are opportunities coming up that will require the cash, but he is patiently waiting now.
I'm always amused when I see small time investors hoping to make it really big - as in replace the job kind of income. I had an uncle who I think was pretty smart and spent a successful career as a broker. He never came out rich, although he made a good living - mostly from client's money. I don't think any of these folks pouring money in today are smarter or know more than he did. I know I don't.
I was watching a very successful fund manager on a business show this weekend that has a great track record. He was indicating that the fund he manages currently has a lot, but not all, of their assets in cash because there is too much unpredictability in the current market. In his view, there are opportunities coming up that will require the cash, but he is patiently waiting now.