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Question for millionaires? Do you only invest in index funds or if older is that all you used in the past?


I hear alot of people say 90% of mutual funds under perform the market. But I know some who have out performed it for long periods and besides who says you have to hold the same funds the rest of your life.

Millionaires did not get to be that way by investing in index funds. They got that way by doing research, finding what they consider a bargain and then investing in it, be it stocks, real estate, franchise operations, some other opportunity.

As for mutual funds, I think the percentage is more in the order of 70% but I could be incorrect. I for one own both some index funds and some mutual funds and also some stocks. I have one mutual fund that has outperformed most index funds since I have owned it. PENNX.

Frankly, there are so many index funds nowadays, I am not certain how you can separate them from all the mutual funds.

Yes.

I don't invest in Mutual Funds.

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