WISDOM AND REASONING
Although I've tried to limit myself to other life enhancing areas, I choose here to try to correct an area where people live in fantasyland and to have people invest their time where it has a higher personal payoff.
As a financial advisor, I reviewed some deep investment studies in the process of becoming a Certified Investment Management Consultant. The studies, along with the reasoning, showed there was, even with the experts, no truly superior performances in terms of skill (versus luck), at least not any provable before 15 years. Even Peter Lynch's record at Magellan Fund had a huge amount of luck.
Unless you have millions and millions to invest, your cost of investment management fees cannot be justified.
You should follow the advice of Daniel R. Solin in The Smartest Investment Book You'll Ever Read - the Simple, Stress-Free Way To Reach Your Investment Goals. Don't get sucked into foolish fantasy and wasted efforts and/or money!!!! Invest your time into higher payoff areas of your life!(If you're not convinced then read Zweig, Your Money and Your Brain: How The New Science Of Neuroeconomics Can Help Make You Rich. (The bottomline: Buy low cost funds and fully diversify across the asset classes. Don't buy managed funds with higher fees - they don't win on the average! See The The Irrational Investor but read the book for sure. It is a vital decision!)
to Amazon.com. If you'll read one book, it might be
The Smartest Investment Book You'll Ever Read - The Simple Stress Free Way To Reach
Your Investment Goals, Daniel R. Solin - Do this and you'll do what works and what also
saves an enormous amount of time and cut any concern dramatically.
"eight wonder of the world."
Section: Is my manager performing?
perspective to better do a reasoned evaluation.
Get Rich Quick...
and the 10 realities that apply here!!!!
save lots of headaches...
Several good comments and effective implementation have been made from the training in
Millionaire Mind (Be sure to get a scholarship to the initial one. The seminar comes highly
recommended by those who have attended it, without exception. However, beware that most
attendees to the free three day initial seminar spend alot on follow up workshops. )
Websites: See recommended websites.