30 May 2023 9:22 am
Most everything else consists of individual stocks. When it comes to buying growth stocks, it's really not that difficult if you just follow the Warren Buffett approach - buy good companies and hold. The biggest problem with this strategy is doing too well - there is a disincentive to sell because you will have to pay capital gains. So, I do pay a professional advisor to force me to make decisions I would be resistant to making. Checks and balances - never trust others to invest for you, and never trust yourself to always make the best investment decisions.
Not a bad strategy, but my experience is that I will benefit more by selling funds that are underperforming and buying those that are doing better in the same sector or a different sector. Since I started investing, guided by my newsletter, I tend to hold funds on average between six months and a year.
I have funds in IRA accounts, so I do not worry about taxes until I need to withdraw.
Why should I avoid any funds or ETF's managed by Blackrock or Vanguard?
Not a bad strategy, but my experience is that I will benefit more by selling funds that are underperforming and buying those that are doing better in the same sector or a different sector. Since I started investing, guided by my newsletter, I tend to hold funds on average between six months and a year.
I have funds in IRA accounts, so I do not worry about taxes until I need to withdraw.
Why should I avoid any funds or ETF's managed by Blackrock or Vanguard?