Not exact matches
So while she picks Net stocks for fun, the bulk of Streisand's wealth — she won't reveal how much that
comes to — is in the more risk - averse,
professional hands of her friend and
money manager, Todd Morgan, chairman of Bel Air Investment Advisors.
If
professional money managers can't even
come remotely close to consistently picking winning stocks and predicting things like interest rates why would I ever think that I can?
A more apt question a DIY investor could ask a
professional money manager would be: if I visited my barber, asked for a haircut and
came away with a shaved head and lost my shirt in the process and paid for the privilege nonetheless, why wouldn't I cut my own hair?
This is where the second option
comes into play, which is to invest in a mutual fund that allows investors to benefit from the services of a
professional money manager and also to spread out risk over many stocks even if the
money is placed in only a single investment vehicle.