Why Mutual Funds Are Dangerous Investments
Mutual funds and financial advisors easily siphon off half of your nestegg in fees and taxes over 10 years. Wall Street and the media have a vested interest in keeping these facts from you. But wealthy families and elite institutions invest don’t pay the fees you do. They use a simple strategy called asset allocation with index funds and ETFs. On www.marketriders.com, use free software tools and invest like they do. Its simple to learn how to invest without brokers and advisors with less risk and better returns in just a few hours a year. Anyone can do it.
Video Rating: 3 / 5
Dave explains why it is a better idea to buy Mutual Funds over stocks.
Related Blogs
- Coin Collecting 101: What Type of Coin Should You Collect? » Coin …
- 3pc Counter Height Dining Table & Stools Set Bronze & Oak Finish …
- 5pc Counter Height Dining Table & Stools Set Antique Brass Finish …
- Lifetime 1221 Pro Court Height-Adjustable Portable Basketball …
- The Unstoppable Value of the Small-Town Movie Theater …
- Khloe Kardashian's height is cropped in Beach Bunny swimsuit ad …
- 7 Tips on Blogging for Value « Web Hosting Blog | Heart Internet …
- Domain Control – Don't Let Your Domain Name Get Stolen, Lost Or …
- Shintaro Ishiwatari, Kil Woo Lee Impress at SRC Asia Volume 1 …
- neXus » Archive » SRC Melaka, Cyber to merge
- neXus » Archive » And the SRC President nominees are…
- Typed type-level programming in Haskell, part II: type families …
- Bodybuilding.coms – The Comeback – 7-7-10
- MacKeeper Review (Mac OS X Utility Application)
- Dear Welder Series… track width | The Welder Series Blog
- Fixed vs Variable Width Web Design « Web Circle Blog – Brisbane …
- There's just no value in the market | United Rant
- Khloe shortened to Kim, Kourtney's height in swimwear ad
- Velda Bodyprint Massage 23cm Mattress – 80cm width | neuhome
- Home value improvements
This guy doesn’t fully understand how mutual funds work in relation to buying just shares of stock from individual companies. Here is the issue; if you buy individual stocks, then your risk is very great because if something bad happens like the company goes bankrupt, you face a major financial loss depending on how much was invested. In a mutual fund, you have funds spread out, which average around 12% rate of return. So which is the better investment?
goldman sachs are pros and they beat the market consistently on their trading desk
I have always done well with mutual funds, so Im good.
This doesn’t apply to India though. The mutual funds from reliance, hdfc, icici and sbi have given 30 to 40% a year for 10 years.
Research shows that 97% of people that leave there money in a mutual fund for 5 years they make money off of it if 10 years or more it is 100%
What’s Bill Parcells doing talking money?
Yeah, well OK, I am a real “believer” in Ben’s fiat money system, so lets see if I can get me some worthless paper gold leasing contracts and some fiat credit swaps and get me some fake 30year Treasury notes, or maybe I should just drop off all my cash and silver bullion over at Blankfein’s place and,.. Oh well Fuck it!
LOL, by owning a portfolio of the market, you are eliminating unsystematic risk. You really think an average investor can research and become an expert of an entire industry? Doing such, has a very steep learning curve with very high opportunity costs. What an inefficient use of time.
Buy your definition, Ebay is a bid-ask pyramid scheme too, no wait car dealerships are bid-ask pyramid schemes too?? A market brings buyers and sellers together. Trading is not free. Stock market is just another market.
@30percentplusreturns Are you retarded? The stock market returns many times over inflation.
As for your strategy, how do you know these companies will outperform the market in 15 years? Please tell us these 10 stocks and how you picked them. What if one tanks? How does that affect your portfolio? I’d guess quite a bit.
who says index funds is useless? index funds does not go bankrupt, plus there are dividends payout from index funds, and these can be used to buy more shares
I remember a trader that asked a mutual fund manager how often they were bullish or bearish, and the guy said how many times the elevator went up and down in the building across the street. if your going to trade any market , IE stocks, futures,etc. roll your sleeves up,and learn that area, don’t trust anybody to tell you where to put your money as 100percent, only you should know how to manage that. peace, and happy trading.
No one should buy the whole stock market, that is retarted. Whether its an index fund or mutual fund. If I wanted to start a cleaning company, would I also start a medical company, oil company, candy company, and computer company? Absolutely not. Buy an index just completely overdiversifies you. You cannot build wealth making 8% a year. That will only keep up with inflation. One must buy about 10 individual stocks at rock bottom prices, and hold for about 15 years. Index funds are worthless.
Decent video for the most part but you are confused on the difference between “market” and “indicies”. There is only a few markets. NYSE is one, the Nasdaq is another, the AMEX is another, the Chicago Mercantile is another, etc. The S&P is an “index” as well as the DOW, the Russell, and so on and so forth.
I was in the mutual funds for 10+ years. they came up with cute names such as Tax Tamer, Tax Max just to name a few.
Boy what an experience. After 10+ years of what the so called fund managers told us it was all about how much they could get in a month off their comission.
Yes, when I got back to where I was 10 years ago I got my money out and found some good 5% CD. Man I made more money and no rotting of my principal.
“They will invest it til it’s all gone”
For God’s sake don’t touch your mutual funds!!! Although they’re losing value daily. To cash them in now would mean a substantial loss, WAIT! If you let them be you haven’t realized a loss. Besides, maybe they’ll increase in value as the market is a roller coaster. Of course, wealthy people scramble to jostle their assets. Like those on a sinking ship, the first-class passengers find their way to the life boats first while the crew mollifies the 2nd- & 3rd-class passengers with soft soap.
Stock market = ongoing Bid-Ask pyramid scheme. That goes for everything, including the S&P 500. There is no rhyme or reason for anything to “go up” other than more money flowing into a scheme. That means it isn’t based upon business fundamentals, but upon Mr. Ponzi. That means most people playing end up holding someone else’s bag. That someone else being the few who understand the game is a rigged pyramid scheme not based upon fundamentals. Don’t invest in any bid-ask scheme.
Do your research MoveOnDotOrgg, everything he said was 100% accurate. Where is the scam in that?
BORING & BULLSHIT – you’re another scam to come along pal.
dave is a good guy for bashing home the point our parents should, can’t afford it don’t buy it! I cannot agree with his investment advice, or anyone’s advice. Remember Jim Cramer? if your going to invest, YOU make the money, YOU make the call, do your homework, study study study! Beware of free advice! Beware of GOLD! If youMAKE the money to invest, then You should MAKE the time to scrutinize all avenues! Free Advice can Bankrupt You!!!
dave is a good guy for hammering home the point our parents should, can’t afford it don’t buy it! I cannot agree with his investment advice, or anyone’s advice. Remember Jim Cramer? if your going to invest, YOU make the money, YOU make the call, do your homework, study study study! Beware of free advice! Beware of GOLD! If youMAKE the money to invest, then You should MAKE the time to scrutinize all avenues! Free advice can bankrupt you!
Just a question…How many of you are millionaires? Oh none….. ok.
Family meeting folks, need to cut cost, OK how about canceling all insurance policies (frauds anyway) walk away from credit card (Fico: a huge fraud). Hey,..it’s Just a pragmatic family “got to survive” business decision. Got the idea from too big to fail banks, they are really good at it. Gonna start me a family veggie garden, pop me a cool one and,…
well fuck it.!
66.21% of mutual funds underperformed the S&P1500 from 2004-2008. 79.06% of mid cap failed to match the index. From 1999-2003 the numbers were worse. Source: Justin Fox CNN Finance. You have to really do homework and most that perform well are closed-end or have very high buy ins.
You apparently don’t understand Mutual funds. you say the fund managers are the only ones who make profits? Baloney! If I invest say $100 a month and do DOA (Dollar cost averaging) and get an average rate of return on my money of 10-12% (12% is the avereage for the stock market over the long term) do you think I will be complaining that the fund manager gets paid for what he does? No! Follow the rule of 72! My money will double every six years!
By June 1982, the price of gold had fallen to less than $300 an ounce. And more than 20 years later, in January 2002, it was still trading at less than $300.
I love the Dave bashers. Especially the ones giving the recent trend as a reason to continue to buy gold.
In January 1980, the price of gold hit $850, an increase of over $700 from its price just five years earlier. (Sound familiar?)
The media was filled with headlines eerily similar to todays — fears of inflation, a falling dollar, huge budget deficits and foreign policy problems.
How to start, Dave, why the fuck would you recommend Mutual funds holy shit if you pull this card you might as well do index funds without all of the god damn fees. I agreed with all of the statements he is full of shit. Smooth talker bad investor hes on the let it ride routine. Keep working Dave.
You are totally correct my friend !
Broke…poor…idiotic..hum. Considering the fact that fund managers are the only one who make profits of mutual funds…I think those who buy those funds are nothing but sheep being led to the slaughter. You want some real money advice listen to my show ” Money Does Grow on Trees”
1982-2000 Bull Market
Average SP500 annual return…13.4%
Average mutual fund return…4.%
Dave Ramsey is a dope. Fantastic message of getting out of debt. Investment advice…disastrous! Tell him to get off his high horse, calling people “ignorant” and “idiot” and “kook”.
Says gold is a “dumb” investment, owns none.
Since 2000…gold +400%
Since 2000…stocks -40%
Take your broke, poor, idiotic immaturity somewhere else! Those of us who are thriving because of what Dave teaches will continue to prosper!
Dave Ramesy is a fucking retrad…Buy what he says and you will be broke.