6/16/2009 11:48:06 PM
Mutual Funds and the market
I personally do not have mutual funds nor, will I ever. I would never put my money in something thing that I have no control over. If you are lucky enough to actually come out ahead the fund managers have "maintenance fees" that will take care of all your profits from the market that your hard earned money gained. Buy, hold and diversify is the mantra these managers tout the financially undeducated. I'm curious as to how many people are continuing to park their money in such a risky investment. With the market odds being they are, I think you would have better odds going to Las Vegas and playing some cards at the tables. There is really no difference between the two. Once the money is down on the table (or market) it's no longer yours.
Real Estate and hard assets are the way to go.
Thanks again for doing this book Robert. I have learned so much from the Rich Dad series that it's priceless. Let's do some real estate together.