Most people I know are not savvy investors. Most of them are just blind buy-and-hold and dollar-cost-average investors.
They are all thrilled with the stock market gains they have gotten since March 2009, with the market having gained back all it’s losses from the 2008 market crash.
They have no clue why the market crashed. They have no clue how QEx was used to pump the market up to get Obama re-elected.
They are all blind buy-and-hold types. They don’t know enough about investing to even be considered gamblers.
My ears were burning and I tracked it down to this post. I suppose I am supposed to turn my money over to some financial adviser who can lose money just as good as I can.