irondoor91

Let Wall Street's Best Minds Speak Out

Yes, Wall Street is "full of brilliant minds". You can witness this by the "brilliant" performance of the in-house mutual funds that the brokerages cram down the accounts of their hapless customers. While this is a travesty, even worse is the current move afoot by the SEC and Congress to prevent the retail investor or pension plans from putting any money into funds that can short the market or use leverage.

The S&P 500 only recently recovered back to even after six years and a 40%+ drawdown. Of course, that represents a excellent investment choice according to the regulators and the index fund distributors. Just buy and hold into the sunset.