big kahuna wrote:
Harbinger wrote:
big kahuna wrote:
knewbike wrote:
Is the 1st one a trick question? It seems stupid easy.No trick questions, though the super-genius finance bubbas here in the LR apparently have some heartburn with #4. ;-)
The key word is "safer".
I know the theory is that a MF is diversified and therefore safer than an individual stock. I do not agree. The theory ignores turnover. I own many quality dividend paying stocks that I have held for years. I see many MFs (or their cousin the 'managed investment account') that have high turnover and to some degree has 'market timing' as a component. I do not find market timing safer than holding quality stock for the long term.
Thanks for the info, but I just lined up a guy named Bernie-something to do my investing for me. He's supposed to be really good. ;-)
My dude's Nigerian, we should compare notes.
You always wonder who can fall for obvious scams, then you see results like this. Sure the majority of people got them right, but 1/4 - 1/3 of people were consistently getting them wrong.
ETA - oh shit, I didn't pay enough attention to the percentages. The millennial are dumb as a stump.
I'm beginning to think that we are much more fucked than I thought.