What do we have here? An index fund? The market goes up and Oaklx goes up. The market goes down, and Oaklx goes down. I'm still waiting for that eventful day when we go up when everyone else goes down! Will it ever happen? I think not. We could just buy a basket of stocks that Nygren loves and avoid the exortitant fees he charges. Posssibly make a little more money. Just looking for some comments.
To me the most sensible form of investing is to buy a handful of index funds and let them ride for decades, re-allocating periodically to maintain the desired allocation.
The bulk of my portfolio is in unmanaged SCHB and VEU. I also have a little VWO and HYD.
I am impressed that over time, the vast bulk of money managers do not beat the indices. With the microscopic expense ratios now charged by ETFs - and getting lower by the day - I think the era of the managed mutual fund is coming to an end.