top of page

Dan Solin: An Open Letter to Gerard Minack

Dear Mr. Minack,

I read an article on Business Insider indicating you are retiring from your position as an investment strategist with Morgan Stanley. Let me start by wishing you well in your retirement.

The article referred to “amazing” investment advice you gave just before you resigned. I am always curious about the advice given by Wall Street pros like yourself, so I couldn’t wait to learn details about your “amazing” advice. The article noted that you didn’t explicitly give this advice, but you demonstrate why any other investment strategy is “idiotic.” Here’s the “amazing” advice:

  1. Don’t pick stocks.

  2. Don’t time the market.

  3. Buy low-cost, tax-efficient index funds.

1 view0 comments

Recent Posts

See All

Are Equity-Indexed Annuities a Safe Investment?

This article explains why I NEVER recommend indexed annuities to clients.  Please let me know if you have any questions. Steve =========================================== A tweet pitching equity-index

Avoid The Recency Pitfall

Larry Swedroe does a great job of talking about the importance of re-balancing.  Steve ============================================= Last year, U.S. real estate investment trusts (REITs) were the best

bottom of page