Posted by: Nepali_hu_ma January 23, 2017
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do you still consider mutual funds in your self-managed portfolio in this day? What are WE missing out on? Why not just ETFs instead?
Yes, I still have mutual funds (specifically Vanguard MFs). Because, mutual funds bought and sold in Vanguard website itself is free (needs to be $10K or more transaction). Buying ETFs for Vanguard ticker from a broker will have fees, and the fees add up really fast (for large transactions). If you are buying small amount, it might be ok. And even ok to use robinhood to buy ETFs. When I started trading, we did not have robinhood, and robinhood does not have options trading (not good for me). Vanguard mutual funds and ETFs are same, just ticker different in trading.
I don't trade options either. Some say nobody got rich by selling/buying insurance. How true is that? Could you or somebody explain? They also say trading options provides massive leverage if you are cocksure about your trade. Most of us know what leverages can do when trading goes the wrong way.
Personally, I like options trading more than stocks. If you start, you need to start with money that you won't feel sorry or regret even if you lose. Options is the way to make money fast (and lose money fast as well if you don't play it right). It is bascially gambling but you can use algorithms and knowledge to have an idea of gain or loss. It is a risky investment but I look it as "high risk, high rewards". I get it that everyday is not a sunny day but you can have "puts" for rainy days. Basically, you need to know every inch and detail of the company you plan to play options with. If you are young, high risk is the way to go. I started with stocks, but you can only make so much in a month or a year. With options, you can make it in a day. And also, if you have small amount to begin with, options pays it well. 
Last edited: 23-Jan-17 05:46 PM