At 1:07 into the video, JoeAndrews84 wrote:Advisor: "Index funds are inexpensive but offer no professional management or thorough diversification. They can be very risky."
1) The managers of Vanguard's index funds aren't professionals? What do they do on their day job?
2) The whole darned stock market isn't "thoroughly" diversified?
3) How, exactly, are they any riskier than actively managed funds?
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.