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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]just buy a low cost, broad market index.  you will do better than about 80% of people in the stock market.[/quote]

That's one approach, but you'll never grow and evolve as a capitalist and that is really your goal. Index funds are for lazy minded people with no imaginations and who are unwilling to take responsibility for their own financial security and independence.

It's about more than beating the indexes. It's about being active and involved in your own financial future. If you just mindlessly put your money in a vanguard fortune 500 index fund and forget about it, you'll be fine, but you may never attain the status of being independently wealthy.

When you are an active investor you will use and expand your body of knowledge because you're are tuned into the goods or commodities which you can envision growing over time and creating great wealth. Some investments will richly reward you and on others you'll lose money, but win or lose you'll be gaining a valuable education. Gradually, you begin to accumulate more win miners and wealth than losers. These are also valuable skills you'll pass on to your children. Be a CAPITALIST not just one more mindless index fund customer![/quote]

Are you the Seeking Alpha day trader?  I second the PP who said that anyone can have *one* good year...you don't talk about beating the market for 30 years... because you didn't.  Few people do, and the ones that do aren't posting on DCUM, they're off looking at 10 computer screens because the markets never sleep.

I am a so-called capitalist, to use your turn of the last-last-century term, and smart enough to know not to muddle around with real money trying to pick winners in the market.  I'm no dummy either.  The OP didn't say he wanted to start being a full-time finance guy, I'm sure OP has a day job, he wants to park his money in stocks.  Index is the way to go, then.

I'm not lazy.  I keep a very good eye on my family's portfolio.  I liquidate when I have to.  But I don't actively trade, that's for fund managers and fools (which one are you).

My DH is the one who lost $60,000.  Bless his heart, he kind of sounded like you at times.  Very smart man too.  He even had a "plan," and a "theory," he made some good returns, got excited, traded every damn day, researching, researching...then started to lose money, saw his theories were shit, and realized he was nothing but a gambler.

You're a gambler on a winning streak.  You totally sound like one, too.  Drunk, high and delighted at your own unforeseen good fortune.

I'm just afraid OP is going to drink your cool-aid and lost his little nest egg.[/quote]

No, you have not described me correctly at all. Sure, I've tried day trading and I got slaughtered. I'm not fast enough, smart enough, or indifferent enough to compete with computerized logarithmic trading of the big boys. However small observate prudent investors with balanced portfolios of growth, income, and speculative positions in the stock market can and do become independently wealthy over a period of years. If an individual's goal is living comfortably and to avoid living in poverty, investing in an index fund is perfectly adequate. However, those who don't ever enter the market never learn how it works and they will never be able to pass those skills on to their children.

Investing in an Index Fund is like being an hourly wage earner and knowing you'll be paid every week, but never being sure about the profitability of the company or from where the money is really coming.

So no, I'm not a gambler on a winning streak. I have a balanced portfolio of growth, income and speculative positions which has been on a growth trajectory since 2009 which will withstand any turbulence in the markets.

If I can be consistanly successful and share these skills with my children anyone else can do the same.

BE A CAPITALIST and never allow anyone else to manage your finances. No one cares more about your money than YOU!!![/quote]

as others pointed out, a monkey picking stocks blindfolded would have made some great gains since 2009.  how is your track record over the last 20-30 years? or did you just start investing a few years ago? if the latter, be sure to come back after you have lost your ass (it will happen).[/quote]

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