I think 'managing your money' is a very misleading description of what these Losch Management people do.
Managing money is more about fiscal responsibility, analysis of personal revenue and expenditures, finding a balance for spending and saving, etc...
Their site seems to equate managing money with 'stock picking'. I got as far as #3 before I laughed out loud, but they went off track very early.
3. Mutual funds are not good vehicles for managing money.
They buy too many companies, they have too much money, and the money is always flowing the wrong way ("in" when stocks are going up and therefore expensive, "out" when stocks are going down). The short-term nature of most media attention encourages the movement of money and gives managers an incentive to gamble with their customers' money.
There are a lot of people running money that do not work for mutual funds. Yet any time someone does a study on money managers, all they look at is mutual funds.
This is just basically wrong. The scary thing is that this quote might actually influence someone who doesn't know any of the following:
1. What an index fund is.
2. What an ETF is.
3. How turnover rates are calculated.
4. All the heavy analysis that sites like morningstar pour into differentiating funds.
5. What portfolio management is all about.
6. The role of a fund manager.
So basically, if you're a retarded gorilla who just popped out of the birth canal with fat inheritance check, then Losch Management might
get your money with this argument.
Really, I'm no Oracle of Omaha or championship stock picker like Buffet or his followers. In fact, I know that I have no business examining companies and looking for investment opportunities. But I am perfectly fit to manage my money, just not to the nth degree. I realize my core competencies and stick to them. When it comes to determining what to spend and save, I'll take some advice, but I'm the shot-caller. When it comes to which specific stocks to buy and how much, I'll let a fund manager determine that for me, but I'll be sure to pick that fund manager as well as the fund myself.
I really don't care who uses Losch Management and I wouldn't try to persuade anyone to choose a particular investment style or strategy or investment firm. I do think it's crucial to understand that there is a full spectrum of money awareness that transcends my limited mental capacity at times.
FWIW, I've read articles which describe that stock picking is infinitely more difficult than most people in the industry would ever like anyone to know. Maybe there are some cowboys on here who are action junkies though and unlike me, they dream in terms of hedge funds. If that's you, then giddy-up and best of luck!