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Old 03-01-2020, 07:16 PM
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bdub bdub is offline
 
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Quote:
Originally Posted by LJalberta View Post
Of course he also says that almost no professional fund manager will beat the indexes in the long run, and that it's not a matter of not doing the 'hard work' of making investment decisions. It's the fact that to actually beat the markets you'll be a statistical anomaly. It's rare professional fund managers do it, and even more rare the average joe will do it. Of course someone's gotta be exception.
No, not really. The message is that individual investors using portfolio managers will not beat the market on average due to the high fees charged by those active managers to make your decisions. Think mutual fund managers, the smoo's at the bank and the hedge fund guys. Fees matter. He recommends Etf's for individual investors due to the low costs and diversification.

The stock market is a "zero sum game", there are as many winners as losers, it's the costs that make the difference. Trading costs, research costs, etc, etc.
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