All You Ever Needed to Know About Finance

I tell my students that for the most part, 90% of investment professionals wasted their time to get a bachelors, masters or doctorate in finance. For 90% of them fail to do the one thing they were trained to do and that is beat the index.


A lot of those in the finance world don't want you to know about that because if the average person found out that by investing in the index, they would beat the majority of the "professionals" the majority of the time, then these guys would not have jobs.

Additionally you are paying fees on top of it for sub prime service. Fees that lower your overall return to such an extent you'd have 80% than if you just invested in the index and not paid for fees that provided below market returns;


So, if you want to have an intellectual equivalent to a doctorate in finance, with honors, just invest in the index. No need to waste eight years getting letters behind your name that mean you'll probably fail to beat the index. Plus, everybody should know worship and love Morningstar.

www.morningstar.com

That alone will save you the four years it would take to get your bachelors.