tag:blogger.com,1999:blog-5465015914589377788.post6570549668221938416..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: The Smartest Investment Book and PortfolioMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-5669635301047766982017-11-03T11:10:10.564-04:002017-11-03T11:10:10.564-04:00@Tom: I agree that there are index investors who ...@Tom: I agree that there are index investors who take extreme and unreasonable positions, but I don't see them get space in major publications the way that anti-indexers with silly arguments do. I find it frustrating to see wide publication of silly emotional arguments sponsored by those who profit from offering high-priced investment services.<br /><br />To me, there is little point in being dogmatic about active vs. passive. The real battle is about costs. They should either be very low or the investor should be getting something for his or her money. For example, in broad terms, Steadyhand investors get two things: 1) continuing help with a sensible asset allocation and other types of advice, and 2) selection of equities within funds. For investors who could not handle managing their own portfolio of index ETFs without making significant mistakes (like selling in fear), the first part of Steadyhand's offering is enough to justify its cost. The statement at young and thrifty only applies to those who could manage their own ETFs successfully.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-14206619027357357452017-11-03T10:49:51.843-04:002017-11-03T10:49:51.843-04:00Michael, even though I'm an 'undexer',...Michael, even though I'm an 'undexer', I recognize that there are some hysterical arguments against indexing (and capitalism). I ignore them. But in general, I find index investors to be more absolute. I have no issue with indexing and can see how/when it works well, but most index investors don't see that there are different ways to approach active In their mind, there is only one way. For instance, I came across a quote from the guys at young and thrifty - "index investing using ultra-cheap ETFs is the way to go for 99.9999% of investors." Yes, there are some hysterical proponenets of active, but you have your fair share too. TBTom Bradleyhttp://www.steadyhand.comnoreply@blogger.com