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<p>[QUOTE=&quot;GoldFinger1969, post: 26586809, member: 73489&quot;]It&#039;s not so much my opinion as what might be called an updated version of the traditional Prudent Man Rule.&nbsp; Which is basically a common-sense guide to investing that you should invest in liquid, transparent, marketable, safe financial assets and avoid riskier asset classes in a non-prudent form.</p><p><br /></p><p>If your particular strategy works for you, great.&nbsp; To each his own.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; And some people DO great daytrading, doing options, investing in BitCoint or crypto, using futures, numismatic coins, artwork, real estate, etc. </p><p><br /></p><p><b>But that is NOT what a fiduciary can invest in nor an RIA.</b>&nbsp; They need to invest in more liquid, traditional investment asset classes because (1) it&#039;s prudent and (2) it&#039;s impractical to invest large individual or institutional $$$ in illiquid asset classes where the ability to sell might not be done.</p><p><br /></p><p>The traditional asset classes have daily or weekly pricing for the most part....pay dividends or interest....have decades of historical performance to measure...and regulatory/government oversight.&nbsp; These are important to prevent fraud.[/QUOTE]</p><p><br /></p>

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