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But basically, to follow your advice means to stay clear of financial advisors and managed funds and to manage your own portfolio.
The brainless should not be in banking -- Willem Buiter
Actually, I've visited one of these 1 % of independent investment advisors, who taught me a lot of good basic stuff. I spent maybe 10 hours with him, and in the end he decided to waive my fee if I promised to keep him up to date on peak oil and stuff.
Still, I wouldn't diss all mutual funds. I have some money in one fund, which actually manages to beat its index (MSCI World) year after year after year. Further, the basic fee is not horrendous; 1 %, and it can rise to as much as 2 % if and only if the manager beats his index by a considerable amount.
I tend not to give out investment advice, especially not online, do your own due diligence, etc etc, but if someone for any reason want to put money in a fund, this is one of the best.
Still, I want to elaborate that in a portfolio as conservative as what I suppose JD wants, shares and share funds should only be a small fraction of the total capital.
Anyway, here it is.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
Yes, I'm am not particularly looking for investment advice per se, but rather a list of things that I can bring with me to a meeting with an advisor and ask "what about these vehicles for investment, what's your take?" instead of being at the mercy of a salesman who wants me to invest in American mortgage backed securities.
But I thank every one for their input and think I've gained some ideas to bring to the table as well.
"Schiller sprach zu Goethe, Steck in dem Arsch die Flöte!
Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"
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