Your interpretation is incorrect.It sounds like you no longer believe that a simply constructed portfolio (something like a 3 fund portfolio) can be self managed by most investors and that it will hit most of the highlights and avoid "the big mistakes."Not at all. Why do you say that?It seems like your views have evolved since you created your auto-signature?I think it is very small. I think this DIY investing stuff gets it's hooks into some people, and we just have this determination to learn it. For most it's just a bunch of mumbo-jumbo and they have no ability|intention|motivation to learn it.
It's a bit shocking to see the number of investors who had no idea what to expect from a bond fund in a period of inflation and Fed tightening. Perhaps the universe of those truly capable of successful DIY investing is smaller than we think.
You (and others) seem to have decided that the recent increase in interest rates and their impact on bond NAVs has disproven Bogle's warning against advisors for "most" investors. It's a real change in philosophy on the forum that I have seen in the last year. I'm not disagreeing with you, necessarily, but it is a real departure from the original purpose of the forum.
While I believe a simply constructed portfolio (something like a 3 fund portfolio) can be self managed by most investors, but only if they have the motivation to do it.
What most investors can do and what they should do (what would be in their own best interests) is different from what they actually do. Most of them probably hire an advisor, or get advice from their friends or relatives, or whatever.
In other words, I think Bogleheads and successful DIYers are the minority.
Statistics: Posted by GaryA505 — Tue Feb 20, 2024 2:52 pm — Replies 156 — Views 16387
