About 8-10 years ago, I was a huge fan of mises.org. Then I grew up x-D but back then I took my investment advice from Mark Skousen because he claimed his is based on ABCT. He told us to buy American Oriental Bioengineering because they have some kind of a ultrasound treatment for cancer that kills cells around cancer cells so they cannot spread or something, developed in China which totally rocks and they are waiting for FDA approval in the USA and then will make money hand over fist. I still have the shares somewhere in a cupboard. They are still worthless. Thanks, Mark.
So, anyway, I would recommend that part of the investment world who are not Mark Skousen, probably.
Hello I'm looking for the LW on investing advice. Any suggestions? Thanks.
EDIT:
Several commenters gave the standard advice of "buy index funds". If you bought into the Nikkei between 87 and 94 you would have made a loss or very little gains until now(30 years later). So I would appreciate some more in depth discussion regarding when is it good to invest into index funds? If you search in reddit/r/investing you will find more nuanced point of views.
http://finance.yahoo.com/echarts?s=%5EN225+Interactive#%7B%22range%22%3A%22max%22%2C%22scale%22%3A%22linear%22%7D
In general index funds will reflect the underlying economy, in the case of the US it was a growing economy for the most part of the 20th century, so the index fund would be good advice in that time period. I have a hard time believing that it is still good advice now, when the economy is retracting or stagnating.
TLDR: reddit/r/investing has more nuanced discussions.