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サマリー
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あらすじ・解説
Why do you hire a stock broker? If you're the do-it-yourself type, maybe you try to do your own research and spend lots of time researching your picks and studying the charts provided by your online broker. Regardless of whether you hire advice or go it alone, you're probably looking for the next home run (or trying to avoid the next bear market). But, does all this research really help you earn higher returns than the average market participant? There are lots of studies suggesting it doesn't. Many people have been so convinced by those studies that they decide to go it alone with one of the indexed mutual fund companies (um um Vanguard). Would that be a good idea for your portfolio? What is an index anyway and how does an index fund work? And, despite the compelling evidence in favor of indexing, might there be something even better than blind adherence to a generic benchmark index?