Winner and loser
Question, "Historical, the stock market offered 10% returns over the long haul (40 years)."
Who got that 10% return? Rich people. When they got 20%, 30% or above, Much more people got 1%, 2% or negative return.
When Buffett got a return much higher than others, someone must pay for the money he made. The payer will be the average people.
RE: Gates, Buffett, China 'run from dollar' Expert sees development as sharp warning to Americans Posted: February 3, 2005
Decisions by the world's two wealthiest men to bet on a further weakening of the U.S. dollar, coupled with China's lack of confidence in American currency should grab the attention of every working person, says Craig Smith, CEO of Swiss America Trading <
Microsoft Chairman Bill Gates is following the example of Berkshire Hathaway Chairman Warren Buffett, who made a pretax gain of $412 million in the fourth quarter of 2004 by buying foreign currencies.
http://www.worldnetdaily.com/news/ar...TICLE_ID=42687
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RE: MUTUAL FUNDS TO AVOID
These 10 Funds are the worst of the worst. See how much a $10K investment would be worth after five years:
· T. Rowe Price Sci & Tech: .......... $3,534 ·
Putnam Voyager B:......................... $5,971 ·
White Oak Growth Stock:.............. $5,593 ·
Janus Global Technology: .............$3,504 ·
Putnam Growth Opp.: ......................$4,359 ·
MainStay Cap. App. B:................... $5,817 ·
Scudder Growth Fund A:................ $5,638 ·
PIMCO PEA Innovation C:............. $2,667 ·
Morgan Stanley Info B: ...................$3,378 ·
Firsthand Tech. Val. Inv: .................$3,602
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http://pf.channel.aol.com/redir.adp?_type=click&_p=us pf investing funds spotlight&_m=a1 1 ent_promo_nested 33459 {pf lemon funds bb 215} 0 0&_s=1&_u=http://aolpf5.marketwatch.com/news/story.asp?guid=%7B3EF618CE%2D7C1D%2D4AB8%2DA892%2D A3B3A2A28A84%7D&siteid=aolpf&dist=aolclick >
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Government always tell you the average return of financial market. They will never tell you who got the chunk and who got the bit. Casino show you some one got the million dollars prize. They don't tell you most people go home with empty pocket.
My question is still there. If stock market is that good as you said, 10% return in long period, then why don't invest all S.S. fund into that market? Even children is able to know it.
Because only a few of people benefit a high profit. Most people are the loser. Did you see the work of above mutual fund? They are iceberg of failed investment firm. In five years they not only made no income, they also lost 50% to 70% of its fund. I can tell you the loser won't be Buffett, Gates, Lockfeller or Morgan, it's average people.