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Reply to "Do many households here have $15 M net worth or more?"
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[quote=Anonymous][quote=Anonymous]Has anyone noticed that in DCUMlandia nobody has EVER picked a stock loser?!? This place is magical. [/quote] This. I'm one of the PPs who is worth >$20M in our mid 40s (husband is in finance). He routinely is asked by friends which individual stocks they should invest in. His response? Index funds, index funds, index funds. His position is that he does it for a living and it's incredibly hard - you'd be a fool to risk your life savings on individual stock investing. Wanna play around and have fun? Go for it, but earmark a small amount for that and otherwise - index funds. He practices what he preaches, and our nest egg is invested accordingly. Yet so many single stock winners here![/quote]
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