I think it is a major cop-out to talk-up managed funds and try to question my credentials in this area.
I'm not talking up managed funds. And why shouldn't I "question your credentials?" Was I actually doing that, anyway?
I don't know who you are, what you do, what your "credentials" are. But when someone just says "Trust me" on a public internet forum, why shouldn't you be able to stand up to scrutiny?
I have made lots of money from the sharemarket and the only fund manager was me, myself.
Well good on you. I wish I could say the same. I've lost more money than I've made in the stockmarket. But I can recognise - through hindsight - that this is a lack of education, lack of experience, and incorrect mindset. All of which I'm working on fixing.
Managed funds are terrible 'investment' vehicles - why try to be politically correct about it and say that 'it depends on your circumstances blah blah'?
No political correctness about it. I don't understand why you're being so defensive. All I did was suggest to the OP that a managed fund of some type,
MAY be suitable for them to consider. Would you deny that "depends on your circumstances" should go out the window for all investment types, or only managed funds?
No one gets wealthy from investing in them - you are giving people your money with no correlation to performance. If you want to be informative - then help the OP understand that the sharemarket is all about investing in the right companies, at the right time, at the right price. It is NOT about 'oh buy some managed funds and dollar-cost average and you'll be right'. That's just BS and you know it.
Who said anything about getting wealthy through managed funds? Not me. All I said is that a managed fund can give you "exposure to the market". You mention "right company, right time, right price." Perhaps you could provide some insight into how one can obtain 3 out of 3? As Meatloaf once sang, is "two out of three not bad?"
I've not purported myself to be an expert in the share market. You were the one coming in like a bull in a china shop, with "managed funds are a waste of money, just buy xxx, xxx, xxx" with no justification, no background information, no analysis, nothing.
Maybe you can educate us all by suggesting why buying BHP, RIO and the big 4 banks is a good idea. Are they the right companies, at the right price, at the right time?
Thanks.