It's fun to play around... it's human nature to try to select the right horse... But for the average person, I'm more of an indexer... The predictability is so high... For 10, 15, 20 years you'll be in the 85th percentile of performance. Why would you screw it up?
Charles R. SchwabNobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.
Charles R. SchwabThe man who does not work for the love of work but only for money is not likely to make money nor find much fun in life.
Charles R. SchwabThe word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.
Charles R. SchwabThree men were laying brick. The first was asked: " What are you doing? He answered: " Laying some brick." The second man was asked: " What are you working for? " He answered: " Five dollars a day." The third man was asked: " What are you doing? He answered: " I am helping to build a great cathedral." Which man are you?
Charles R. Schwab