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Originally Posted by ILG
I would definately be much more interested in individual investing. It just makes sense to me to cut out the middle man. This is about making money, not paying someone to make money from you! This makes simple sense. Buying now, when prices are low also makes sense. I think I have some intuitive thoughts about money. But I don't have the foggiest about stocks. My husband invested some money in penny stocks and followed a board about the stocks and the advice of a computer and still lost it all. He really tried.
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Investing in penny stocks is like gambling! You might as well go to Las Vegas and have fun while you see your money vanish! People who invest in penny stocks are trying to hit a home run! Stay away!
You're on the right track with investing for yourself. The average historical increase on a good mutual fund is 8%. The average historical increase for an individual investor is 17%. Over a 15 year period, the difference could be hundreds of thousands of dollars. BTW, a GOOD investor can average 30%+ per year.