[NFBCS] CNBC Investing Club Accessibility

[Mike Gorse]

There are other services out there aimed at helping people to pick 
individual stocks (Motley Fool for instance). But I just buy index funds 
and stay away from trying to trade or pick individual stocks or time the 
market. It's easier that way, and I'd be a lot better off if I'd 
consistently done that when I was younger. Even actively-managed mutual 
funds managed by professionals usually don't beat index funds in the long 
term, which tells me something.

On Mon, 25 Jul 2022, Richard R. Thomas via NFBCS wrote:

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> Hi Folks:
> 
> I have been looking at the CNBC club.
> 
> Allot of advertising for it, not much detail.
> 
> The cost is pretty high for some recommendations and news letters.
> 
> Kramer seems so so as a long term investor and offers allot of trades, think taxes and possibly trading or trading related costs.
> 
> I ask if you are looking to run your own money or looking for a place to invest for long goals like retirement.
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> The stock market is a tretchorous place for non-professional financial types.
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> If you don’t have degrees in high-tech investing and, or, financial Analysis or Accounting, I recommend letting a pro run your serious long-term money.
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> You can learn to invest but you will be competing with Masters and PHDs from the likes of Harvard, Stanfford, Michigan, MIT and others.
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> Today trading uses high-frequency automated tools making it almost impossible to be a trader without competitive tools and the education to use them.
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> That said, investing can be done and you can make money investing, not trading speculation – at least in my  experience.
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> I know a blind programmer working on a artificial intelligence driven software package over in India.
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> He has been at it for a little over a year but so far his many versions have not made him a buck.
> 
> He may  succeed, I hope so since he is a friend of about 20 years.
> 
> But, his algorithyms must compete with those built and used by the Harvard and MIT math, cs and financial types  I mentioned above.
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> I have my family members, Masters degrees in Psych and Rocket Science from Michigan in ETFs for their retirement funds.
> 
> That is also the direction I am heading with my risk assets, I am 74 and tired of managing a portfolio and maintaining the necessary tools.
> 
> If you want a fun and exciting hobby and don’t do sports betting, the stock market is a real gut wrencher or super high depending on your level of investment and your results.
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> But if you are looking to save for retirement and want your money to make money for you, look at a professional alternative.
> 
> We can discuss stock picking if you want or how to pick good funds or other products for longer investments depending on your goals.
> 
> again, What are your investing ggoals?
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> Richard R. Thomas (Rick USA)
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