Mad Money Machine

Live Free or Diehards II

Murry Coleman writes at Index Universe about the new Diehards forum run independently that is overtaking the old forum run under Morningstar’s site. He says Morningstar blew it by "not listening to its customers and has thus lost a lot of luster with index investors." He says of Morningstar:

But in this age of MySpace and Facebook hysteria, it’s odd that Morningstar let so many eyeballs go their own way. In the end, it’s turned out to be a blessing in disguise for investors. The revamped Diehards.org is better organized, easier to navigate and much more intelligently moderated than the older version.

And it’s becoming a true social networking site. There are meet-up groups forming and getting together all the time around the country (something that started over at Morningstar). The Diehards even have their own convention each year, something that IU believes has become a truly major event in the indexing community.

I’ve praised the Diehards forum many times on the show and I still go there and learn new things all the time. There is no place better on the net for the do-it-yourself investor.