Tuesday, January 19, 2010

A great example.

This short piece from the New York Times is an interesting and humorous look at what you could end up with from stock picks/individual stock investing.

Quoted below is a great excerpt:
"This seems to confirm Burton Malkiel’s famous prediction that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.”
This is a great piece, and should remind the average investor that there is something very empowering about taking the time to put effort into your own finances. The net benefit to you could be equated to paying yourself the difference (compounded!) of using low cost investment products instead of (over)paying a "chimp" to do it for you!

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