There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

99% of fund managers demonstrate no evidence of skill whatsoever.

A fast food job, for most people, should be an entry level position. If you see no path for advancement beyond that, it's time to take a real fast look at your human capital and learn a skill that will make you more money.

It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.