Why do you think this person is a TROLL? I am about to inherit $250K. I do not have a house, so I am going to use that $ for a house, but if I did have a house and didn't want to refinance...I might be asking the same thing.

Also, you forgot to end your post with:

Never allow anyone else manage your money! No one else cares more about your money and your family than you do yourself.

I really can't tell if this is a troll or a legit crazy person. Kudos to you.

Stop selling mutual funds and the idea that DCUMers can't beat the market averages. Just because you can't beat the averages doesn't mean we can't.

Had you studied the and watched economic trends for a few years you'd be beating the market averages also.

Stop living life bound up by fear. Stop living fenced in by the limited number of off the shelf products vanguard happens to be peddling this month and get that damn G. Gordon Liddy chip off your shoulder.

You do know he's just a self-important little man who couldn't even pull off a third rate burglary of an unguarded office. He was caught and arrested by a rent-a-cop security guard and then he ratted out the entire Nixon administration resulting in the resignation of the president.

The guy has no street cred or a luck of sense. He's a convicted felon and if he knew anything about investments he wouldn't be a slave to the Vanguard 500 Fund.

Anonymous wrote:I suspect this person isn't trolling, which is the disturbring part of all this. (If I'm wrong, good troll job.)

That's kind of the point of trolling.

I think its possible that the troll's first comment was not a troll, it was sarcasm. But then someone took it seriously so it became a troll. The writing is the most obvious sign; nobody who is sufficiently intelligent to write that way does so.

Anonymous wrote:

Anonymous wrote:PP seems either insane, trolling, or misinformed.

if you invest in an index fund, your returns are generally going to mirror the market, less fees. you can easily find an index fund with miniscule fees (0.05% at Vanguard). it's safe to say 90% of investors who either try to pick hot stocks or just pick a "basket" of blue chips, as PP seems to advocate, WILL NOT BEAT THE MARKET.

it is foolish to do anything except invest in index funds, period. you have very, very little chance of beating the market, and you will waste lots of time and energy trying. with an index fund, you can park your money there and forget about it.

Geez, this is pure nonsense!

So, a question. Do you really think that if you do what you are doing for 30 years, you will have beaten the market in annualized returns over that period of time? If so, I would like to sell you a bridge.

I suspect this person isn't trolling, which is the disturbring part of all this. (If I'm wrong, good troll job.)

Unfortunately, people might pay attention to this bullshit "advice" being given and lose a lot of money in the process. Any moron can beat the market a year, two years, three years. Eventually, you will underperform the market. In a worst-case scenario, you will get into buying shit on margin, short selling, etc. and completely lose your shirt. Then we idiot worker bees who are barely avoiding poverty with the almost-nonexistent returns from index funds (8-10% annualized since the 1920s, but who's counting) will be comfortable in retirement.

Oh Christ people. It was obvious from the very first post that this person was trolling.

Social Security

Anonymous wrote:PP seems either insane, trolling, or misinformed.

if you invest in an index fund, your returns are generally going to mirror the market, less fees. you can easily find an index fund with miniscule fees (0.05% at Vanguard). it's safe to say 90% of investors who either try to pick hot stocks or just pick a "basket" of blue chips, as PP seems to advocate, WILL NOT BEAT THE MARKET.

it is foolish to do anything except invest in index funds, period. you have very, very little chance of beating the market, and you will waste lots of time and energy trying. with an index fund, you can park your money there and forget about it.

Geez, this is pure nonsense! But I have just as much stamina as you my friend!

Opportunities present themselves constantly in the stock market, but you need to be involved to recognize them when they make themselves apparent. During the past two months I've posted three different ideas that have had gains of 50-75% in less than 90 days. I saw them and I shared them. It's unlikely anyone one acted on them, but I did my good deed.

Vanguard mutual funds will help you avoid poverty but they'll never make you independently wealthy. If your goal is to be a life-long worker bee with a little extra cash to supplement dovish security in retirement by all means be a vanguard customer. But if you want to be an independently wealthy one-percenter who can provide for financial security for yourself and your decendents you'll need to be a really market investor.

Never allow anyone else manage your money! No one else cares more about your money and your family than you do yourself.

PP seems either insane, trolling, or misinformed.

if you invest in an index fund, your returns are generally going to mirror the market, less fees. you can easily find an index fund with miniscule fees (0.05% at Vanguard). it's safe to say 90% of investors who either try to pick hot stocks or just pick a "basket" of blue chips, as PP seems to advocate, WILL NOT BEAT THE MARKET.

it is foolish to do anything except invest in index funds, period. you have very, very little chance of beating the market, and you will waste lots of time and energy trying. with an index fund, you can park your money there and forget about it.

Anonymous wrote:wait, so let me get this straight.

I think you are trying to tell me to never allow anyone else's manage my money.

do I have that right?

Almost, but not totally yet.

In addition to never allowing anyone else to manage your money. You must always remember no one else cares more about your money or your family than you do yourself. Money can't buy happiness, but it can certainly smooth over many of the rough spots we may need to cross in life.

I wish you well and good fortune.

wait, so let me get this straight.

I think you are trying to tell me to never allow anyone else's manage my money.

do I have that right?

Anonymous wrote:you are literally retarded

Sorry, but I'm unsure of the point you are making in regards to individual investing strategies?

Just let me help you to this extent. Never allow anyone else's manage your money. No one else care more about your money and your family than you do yourself.

Anonymous wrote:

Anonymous wrote:The difference is the individual who owns shares of companies are actually investors themselves rather than mindless lemmings siting on the sidelines.

People can become wealthy by investing in the stock market, but you have to be in the market yourself in order to see opportunities when they appear.

Toiling to put a few meager shillings into Vanguard 500 every month will prevent you from being penniless, but it will never make you rich.

My goal is for everyone reading this to eventually become wealthy enough that they nor their children will ever have to worry about money ever again in their lives.

Never allow anyone else to manage your money. No one cares more about your money or your family than you do yourself.

ahem... when you buy shares of a mutual fund that consists of stocks, you are "in the stock market." you sound as if you don't know what "mutual fund" means.

No you are not in the stock market! You have bought shares in a mutual fund. The mutual fund uses money to buy shares of stock. It is possible but highly unlikely many mutual fund investors have any idea which companies or the percentage of the total number of share in any particular companies are held. Mutual fund investors have no idea why or when their funds are buying and selling shares of stock.

For individuals who want to be perpetual infants in relation to their financial security, fine invest in mutual funds. However, for those who plan to one day be independently wealthy, never allow anyone else to manage your money.

No one cares more about your money and your family than you do yourself.