Re: How Japanese Wives Save Money
John Yamamoto-Wilson wrote:
> necoandjeff wrote:
>
>> The Nikkei is close to doubling from where it was about 2 years ago
>> and is forming an almost textbook reverse head and shoulders. I think
>> Japanese stocks are a definitely a buy (and have been for quite
>> some time.)
>
> That may be so, but I doubt I'll be putting my money into them myself.
> Personally, I have zero interest in the mechanics of studying the
> performance of companies and buying stocks and shares, so - to avoid
> the boredom of doing that - I'd be putting my money into some kind of
> managed portfolio.
>
> As I say, the managers of such portfolios charge their whack whether
> or not the fund they are managing is actually making money, and when
> I saw my savings plummet in their hands I swore I'd never do that
> again!
If you have a managed portfolio make sure that it is one with low turnover
rate. 20% preferably lower.
Rykk
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