venividivici

Yes, Fund Managers Really Do Underperform

Diversification is the killer. The most common advice you get from so called "financial experts and advisors"is to diversify and it is supurb advice as long as you want to go nowhere. Everything just evens out and you end up never making any real money. You need to know what you're doing so you can pick winners and then you need the balls to go for it with everything you've got. Most fund managers don't have these attributes but they don't need them. They have big fat fees to fall back on. It is very very unlikely that you will ever get rich relying on others for investment advice. You have to learn to do things for yourself.