Quote:
|
Originally Posted by Storekeeper Lost of people have "chosen carefully" and still lost their shirts. |
I think many folks who do this don't really know what they are doing. If I "choose carefully" and buy a bunch of sector funds or buy all my funds in one asset class then I will do poorly even if I pick the best of the bunch. The real key is to diversify across asset types, geographic areas etc.
I am way too overweight in Canadian funds right now but I will rebalanced stuff out when I sell my house, then I should be truly diversified and I would expect 9-10% long term growth (pre-inflation). I hope I will get 10-12% but 9-10% will do.