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Reply to "Do you know anyone who fancies themselves a savvy investor?"
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[quote=Anonymous][quote=Anonymous]Define savvy. A lot of very good investors believe that investing in index funds and being disciplined enough to let it sit there avoiding the temptation to "chase the dragon" is a very savvy move. You tend to avoid outsmarting yourself. [/quote] +1. Agreed. For most people that is the savviest move -- slow, steady savings. I think that's NOT what OP's friends are doing. They're obviously saving a lot if they have a 100k to invest here and there, but then it seems like they're jumping on the bandwagons of -- this property will make me rich; or that financial advisor is WAY better than anyone out there, he'll make me rich etc. [/quote]
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