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He acknowledges that the way he invests isn’t right for everyone. In fact, that’s what he tells people—including his four children—who ask him how they should invest.
“Most who ask don’t really know much about investing, and even though I actively manage my investments and own actively managed funds, I recommend they buy index funds and use dollar-cost averaging,” he said.
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Not bad advice for a Bull Market. In a Secular Bear, I’m not sure if that’s good advice.
There has to be some recognition of the Secular and Cyclical trends.
Auto-piloting your money is a good way to fly into the mountain. I have paid tuition at that “school”. Lots of tuition!
Reinke Faces Life 