Quote:
Originally Posted by StockTrader6080
Mutual funds (buy and hold) strategy has been proven to not work, especially with them dropped 40% to 60% last year.
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What proof would that be exactly?
Just because many funds (not all, mind you) saw big drops in 2008 doesn't mean investing in mutual funds is a failed strategy. Many of those very same funds are up 30% or 40% or more in 2009. My best fund is up just over 70% YTD and over 116% for the year as of 11/6! If that is a failed strategy, I'm quite happy to be a failure.