Lesson 42 Investment Vehicles
Today’s market offers a mind-boggling menu of choices to build your portfolio. Only a few of them are worth considering, and some are truly toxic.
Individual Stocks and Bonds
Forget what Jim Cramer says. Individual stocks and bonds have no place in your portfolio. It’s delusional to believe you can beat a half billion of your closest friends in the game of trying to outguess the market. All you will accomplish is lowering your probability of success and carrying a boat-load of risk you don’t need.
The best way to achieve economical diversification in an asset class is to pool your money with other investors by purchasing a mutual fund.
Unless you have more ...