The financial media is filled with “pseudo-profound” nonsense. Your ability to reach your financial goals may depend on identifying and ignoring it.
Everyone would like to invest in the next Apple or Microsoft! But stock picking is more like gambling for investors.
“Value” for most firms is no longer defined solely as investment management. Firms that recognize the changes in our industry and plan for them will survive and thrive.
In sports, and in most other areas of human endeavor, amateurs don’t stand a chance against “pros.” Investing is different.
For many investors, owning a target date fund from a low-cost provider like Vanguard is the only investment you’ll ever need.
Tell your broker you’re interested in tracking or, optimally, beating the returns of a low management fee, S&P 500 index fund. Use Vanguard’s 500 Index Fund (Admiral Shares)(VFIAX) as an example.