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Originally Posted by ryberg
Glad you figured out the poll stuff. 
For those trying to figure out if they should trust some mutual funds manager or a broker with their money or go the DIY route, as your poll options seem to imply, you want an index fund. At this link, the Motley Fool folks, who will tell you you should have your head examined if you go with any kind of mutual fund that's not an index fund, say:
With an index fund, once you choose the fund, you're done, and you don't have to pay a manager basically anything. They're very cool.
You can hear them deride all non-index mutual funds in humorous fashion at this link, as well, if you like.
Steve |
With a long enough time frame, index funds make perfect sense. The S&P is close to being back where it was in 2000. The Nasdaq is still about 50% of what is was before the tech crash back then, so if you had a lot of money in an index fund that tracked the Nasdaq, you'd still be very unhappy.