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Old 12-29-2016, 07:01 PM   #8
Powerplay Quarterback
Join Date: Feb 2014
Location: Uzbekistan

I don't think adjusting your allocation, ie reducing equities as you near retirement, or rebalancing to maintain your asset allocation necessarily changes the premise of passive vs active investing. The basic tenant of ETF investing is simple, hands off, buying an index. Over time, a very small percentage of managers have beaten the index. Why take the chance when you can just track the index for dirt cheap, over time? Stock markets have always gone up (with the exception of some countries, like Japan), is it possible that U.S and Canada and whatever other countries will have negative results in the coming decades? Maybe, but can active managers do better than the indexes? I dont think so. Stock picking is much riskier for the average non professional.

I like Warren Buffet's advice:

Last edited by Johnny199r; 12-29-2016 at 07:07 PM.
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