Gyroscopic Investing

You likely already intuitively reached the same conclusion, but this provides some evidence.

"The success of index investing in individual asset class categories has been widely documented; however, surprisingly little research is available that compares the performance of diversified portfolios of index funds with portfolios of actively managed funds."


http://www.rickferri.com/books-by-rick- ... whitepaper

Rick Ferri may be a smart guy but when it comes to gold he has a major blind spot. So I take anything he says with several grains of salt.

Libertarian666 wrote: Rick Ferri may be a smart guy but when it comes to gold he has a major blind spot. So I take anything he says with several grains of salt.

Lots of otherwise experienced and intelligent people have blind spots in regards to gold.  Here are a few of them:

"Gold is a speculation.  It has absolutely no underlying intrinsic value."
- John Bogle

"Gold may glitter, but that doesn’t make it a good investment. Here’s my advice: Put gold in your jewelry box if you like, but leave it out of your portfolio."
- Paul Merriman

"It's hard to beat a solid gold piece of jewelry as a gift. And if you want to escape a country in turmoil with closed borders, a gift of a few ounces of gold will work wonders.  However, I don't believe gold holds much appeal as an investment today."
- Lewis Altfest

"Civilized people don’t buy gold."
- Charlie Munger

Libertarian666 wrote: Rick Ferri may be a smart guy but when it comes to gold he has a major blind spot. So I take anything he says with several grains of salt.

So?  I'm about halfway done reading his entire blog and it seems he and Craig or Harry Browne would agree on many things..  except maybe gold.