Why Mutual Funds Are Dangerous Investments

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!

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.

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.

@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.

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.

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"