In Brookly that wont last long, pornwolf rethink

Haha, yeah well the actual target is 2 billion but I'm trying to condition myself to settle if necassary. :winkwink:

who needs mutual funds when you have internet? not me

You will get the same answers as before.

To answer Terrance111's question. PF steered me to Vangaurd in my early years and I have never regretted it. PF also steered me into property investments and fixer uppers and I have never regretted it. Vanguard has been stable even with the drop in the market. The fixer uppers are all rented and are paying for themselves with equity and value growing each year that passes by. Property values just increase with each passing year. Some one once said "invest in real estate because they are not going to make anymore."

Are you speaking about Vangaurd???

The best thing to know with mutual funds is to know the facts.

86% of all mutual funds perform under the market

Mutual funds managed by fund managers usually cost you 1% to 2% in fees.

My personal opinion is that if you are doing mutual fund INVESTING (long term) and not mutual fund SPECULATION (getting rich quick) the best thing to do is to go with passively managed funds. These are mutual funds that seek to return the rate of the INDEX that they follow. These funds follow any index from the Dow Jones Industrial, to the S&P 500 to semi counductor indicies. The beauty of these funds is that you are gauranteed to math the market and, your fee is usally about .2% or . 1%.

In the long haul these are the best way to go. You are going to be inline with the market, but you are actually comming out a head because of the costs.

A kick ass book to read is "Greed is Good" The capitalist pigs guide to investing...... best book i have read


naz

You're right on with the effects of money and hard work Quiet. Every relationship I've had was severly effected by my being a total workoholic in business. I've always prioritized it over the women in my life and paid the price for doing so.

Few women can handle a guy who is so into his business stuff 24 / 7. Its very hard to balance both worlds. My last wife was pretty good about it, but even she eventually couldn't deal with anymore.

Family also. Haven't talked to my brother for 9 years.

Really sucks thats for sure and as you get older you wonder if it was really worth it all for what you had to give up for your biz.

Buy gold, oil and defense related stocks.

Up 130% the past 2 years.