Personal Finance and Investing

I recall at one point the Treasury Strips they put their antes in, far out performed either investment. Ironic isn't it.

I see they then moved that into Berkshire Hathaway stock, not an index or hedge funds.

In 1999 I had a Wells Fargo "investment advisor" tell me I was foolish to pay off my mortgage. I should instead, get a second mortgage and invest that money in a coupe of tech (dotcom) mutual funds through him. I let him sell for a while before I asked why a front loaded fund was a good choice for me. I asked him why did he say the funds earned 15% per year when there was no guarantee they would earn that in the future. This would have been a disaster for me financially. I would have lost the house and everything else due to the dot com crash and my subsequent unemployment.

After nearly an hour of this nearly criminal nonsense, I used his expertise to close my account there.

I knew he was giving me bad advice so he could get commissions, but wonder how many people were hoodwinked.

When I converted my 401K to an IRA and then moved it to Vanguard, the advisor recommended funds of stock indices and bond indices. US and foreign. It has worked well.