06-03-2018, 09:29 AM
(06-02-2018, 04:45 PM)mattk Wrote: At this early stage too, I wonder if I would be able to do any better than just investing in something like the Vanguard Dividend Appreciation ETF (VIG) (or something similar) which seems like it would get me 90% of the way there for what I might be able to pick on my own.
Buffett's comment:
If you invested in a very low-cost index fund—where you don’t put the money in at one time, but average in over 10 years—you’ll do better than 90% of people who start investing at the same time.
Diversification (IMO: ETF's) is a protection against ignorance. It makes very little sense for those who know what they’re doing. Diversification may preserve wealth, but concentration builds wealth.