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Re: fung_derf post# 897

Tuesday, 11/13/2012 3:42:08 PM

Tuesday, November 13, 2012 3:42:08 PM

Post# of 1208
IHUB isn't about successful investing. Vanguard is.

Early on Bogle marketed his index funds only to professional investors with cash to park briefly. Index funds were an extreme niche product when I bought my first shares 20+ years ago.

The Masses wanted no part of "mediocre investing." They were too busy loading up on tech garbage and bragging how they wanted to retire at 40 (now that age is 90 LOL). They didn't want dividends. They lied about success to each other; they lied to themselves. Their worst day was when the wife opened the brokerage statement and learned the truth.

A huge portion of those here are "trailer park" folk with gambling addictions. They love country music, Las Vegas, motorcycles and bass fishing (look in the IHUB picture section). They rarely talk about work. Many don't work. IHUB has about the same demographic as a horse track... which IHUB knows is a big problem down the road. Unemployed elderly are no one's preferred advertising demographic.

What you don't see here are doctors, engineers, professors etc. You certainly don't see owners of large businesses here with real wealth.

I'm here mostly because I enjoy following stock scams. Over the years I've come to realize that IHUB is a wonderfully useful source of contrarian ideas.... such as the current bubble in chasing dividends. (notice my AOD board).

Find out what IHUBers are doing... and do the opposite. You've got to admit that's worked since the late 90s.

Gotta run.

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