Vanguard mutual fund

Full disclosure: I own three different holdings from Vanguard, including some funds of funds.

Now, to your questions:

Historically, the stock market across the board bests inflation. Profits, stock valuation, dividends, etc., are not strictly tied to inflation but are always influenced by them.

As one fund manager I know says, most of the time Goliath kicks David's butt. Small caps are good for runs, but the steady consistent historical growth tends to come from large and mid caps. I prefer a diversified approach with large, mid, small cap growth and value stocks with some emerging markets and international stocks for those willing to take risks. Age and risk appropriate holdings across the bond spectrum isn't a bad idea either.

Not knowing context, I'd say you aren't wrong. But if by scheme you mean shorting, lack of a diversified strategy, fetishing, that sort of thing, then I'd agree with what he says.

Buffet has been taking it on the chin for some time. But I disagree in that I think you can stick with investment companies that practice good principles, don't charge too much, and have good holdings. The key is to be flexible and diversified. My personal stock portfolio has beaten an overwhelming majority of the time (I don't want to quote a pct), and I have beaten the market since 2006 consecutively. But it's not about beating the market. It's about the long haul. That's Vanguard's approach, and one worth having.

Vanguard's chief recently said he prefers a nationalized RSV (similar to Canada). So I don't like his philosophy there. But that doesn't mean he doesn't know how to run a brokerage.

 

If you're at that point, you can still benefit from sage advice about preservation and mild growth of what you have accumulated through the years.