There are lots of different kinds of investing nicely matched against the structure of a closed end fund, that are not matched through other things. But this is not something you necessarily buy and hold forever. You've got to watch interest rates ... and be somewhat involved. But do you need to be an expert No.
More Quotes from Don Cassidy:
The success of gold and real estate funds indicates people expect inflation, which is probably not good for the economy and the market because interest rates will rise. And the fact that three-quarters of recent new money has been flowing into world funds, rather than domestic funds, is not a vote of confidence for the U.S. stock market.Don Cassidy
The long-term virtue of this idea, what you'll begin to create, is a terrific lifetime habit that will give a person a great deal of lasting benefit. That weighs a lot more than the short-term thrill of tearing off the wrapping paper.
Don Cassidy
This probably isn't the time to go heavily into leveraged funds.
Don Cassidy
While roughly two-thirds of U.S. diversified equity portfolios are managed by more than one person, starting last February, they can no longer say 'team managed.' They have to name the people managing the fund.
Don Cassidy
In 2005, investors began to pay attention to gradual improvement in the Japanese economy aided by some long overdue government-driven reforms.
Don Cassidy
It's very important to realize that while current gratification and comfort are a lot of fun, nobody is going to take care of you in your older stages of life except you. You've got to be your own angel.
Don Cassidy
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Based on Topics: Investment Quotes, Mastery & Expertise QuotesBe assured those will be thy worst enemies, not to whom thou hast done evil, but who have done evil to thee. And those will be thy best friends, not to whom thou hast done good, but who have done good to thee.
Tacitus
I believe all religions are becoming obsolete, clinging to ancient concepts.
John Templeton
I'm not like one of those actors who's a frustrated director.
Gary Sinise