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<p>[QUOTE=&quot;medoraman, post: 1361128, member: 26302&quot;]Just a quick word about indexed funds. While not as good as skilled selection, the heart of the matter is most people have no interest learning and picking their own stocks. Given that, I would prefer index funds for a few reasons:</p><p><br /></p><p>1. Its returns are known. Pick up any newspaper and see daily what the performance is, (approximately).</p><p>2. Its after tax performance beats about 75% of actively managed funds.</p><p>3. It fee structure, if you choose properly, can be extremely low.</p><p><br /></p><p>I am not disagreeing with you Cloud, just pointing out that for a whole big group of people I have no problem whatsoever recommending low cost index funds. I know you say if you will not educate yoruself you have no business investing, but that simply is saying that the majority of the US population should not invest then, since I have worked with these people and they simply WILL NOT put in the effort to learn. This is why, absent any desire to learn more, I advocate low cost index funds, some PM exposure, some land exposure, and dollar cost average into them all. Its not &quot;optimal&quot; by a long shot, but it simply gives a &quot;decent&quot; roadmap for those who otherwise would easily fall prey to the numerous sharks out there.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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