In discussing the buy and hold strategy, James Scott
and I were both mentioning that one of it's huge assets is the kind of results that you can get without having to spend a ton of time researching. With proper ETF advice
you can build a fairly diversified portfolio simply using your brokerage account and investing every month
While I am not as angry with the government as many pundits out there, I wonder if they're interference is doing more harm than good. Confusion is a real deterrent to investment and with all the government programs it's difficult to know simple questions like whether the mortgage crisis is over
. Meanwhile this confusion makes it very difficult for investors to have the confidence to move their money back into the markets. This is not to mention the debt we're incurring, which while not comparable to Japan's government debt
is much more striking when combined with our household and financial sector's debts.
I feel like ultimately the moral hazard
brought about by current debt levels is really setting us up for a lot of difficulty. Until we start to redress our debt levels it's going to be very difficult to make informed long term decisions. What bedrock beliefs are left for us to cling to?