Google Modern Portfolio Theory and Efficient Market Hypothesis if you’re super interested, but the gist of both is that you want a really diversified portfolio and trying to beat the market is asinine, especially if you are a casual investor. If less than 50% of fund managers who do this for a living can do it, you can’t. You can get lucky, but realistically the only way to know if a stock will move up or down is to have insider information.
Just pick a robo advisor that uses passive funds and you’ll be chill. But you don’t really need them. The only reason I get paid is because on the surface this shit is too complicated to the average person, but realistically a globally diversified portfolio through low cost, passive mutual funds is perfect for any investor and it takes almost no time for me to do that.
It’s true that it is not the same as gambling, but picking individual stocks is akin to a gamble. You are exposed to much more risk than a diversified mutual fund (definitely the way to go btw.) Nobody knows if a specific stock is going up or down, but I think most of us agree that capitalism creates growth over the long term.
^Don’t know if it is 96%, but this is absolutely true. Active funds do not win over the long run. Some do, but some monkeys throwing poop at a wall of stocks would occasionally do it as well.
They try to skip the downturns, but literally nobody knows when they are going to happen. The key is to stay invested. You lose huge returns by getting out of the market for even 1 day, if it happens to be a big day. Better to just ride it out because your time horizon for retirement is huge.
Well if there was ever an article I should weigh in on…
Here’s how to succeed as an investor: Diversify broadly through passively managed, low expense ratio mutual funds. You should NOT be trading, trying to time the market, or any of that.
Go buy Vanguard’s Global Equity Fund (VHGEX) and call it a day. If you want to get real fancy put 10% in a REIT (preferably global) because they have similar return characteristics and stocks, but a low correlation, reducing some volatility. Assuming you’re saving for retirement you can worry about bonds once you’re over 40, if it’s for something else then it is a different story.
Boom. Investors pay advisors thousands to do basically this for them.
Other general rules are that the metal on your belt, shoes, and watch should match and same with the leather. No brown belts and black shoes. Also your socks should match your pants unless you are using them as a fashion statement.
Last, I think 3 button jackets are out, unless you basically breathing at a different elevation than the rest of us.
You should have seen how intense the game was against Manchester United and how much people cared about the Spurs game that sealed it. The magical thing about soccer is that literally any team can win on any given day, but that also makes it not as well suited for a playoff structure. We would be talking like a D League team beating the Cavs plausible for some of their tournaments, but over the course of a season the better teams emerge.
Improbable? They had 5,000 to 1 odds at the start of the season.
The USA 1980 Olympic team had 300 to 1 odds.
This is arguably one of the greatest sports stories of all time
Because what’s more American than a Belgian-Brazilian beverage and brewing company headquartered in Leuven, Belgium run by a Dutchman and a Brazilian?
Google Modern Portfolio Theory and Efficient Market Hypothesis if you’re super interested, but the gist of both is that you want a really diversified portfolio and trying to beat the market is asinine, especially if you are a casual investor. If less than 50% of fund managers who do this for a living can do it, you can’t. You can get lucky, but realistically the only way to know if a stock will move up or down is to have insider information.
Just pick a robo advisor that uses passive funds and you’ll be chill. But you don’t really need them. The only reason I get paid is because on the surface this shit is too complicated to the average person, but realistically a globally diversified portfolio through low cost, passive mutual funds is perfect for any investor and it takes almost no time for me to do that.
It’s true that it is not the same as gambling, but picking individual stocks is akin to a gamble. You are exposed to much more risk than a diversified mutual fund (definitely the way to go btw.) Nobody knows if a specific stock is going up or down, but I think most of us agree that capitalism creates growth over the long term.
^Don’t know if it is 96%, but this is absolutely true. Active funds do not win over the long run. Some do, but some monkeys throwing poop at a wall of stocks would occasionally do it as well.
They try to skip the downturns, but literally nobody knows when they are going to happen. The key is to stay invested. You lose huge returns by getting out of the market for even 1 day, if it happens to be a big day. Better to just ride it out because your time horizon for retirement is huge.
Well if there was ever an article I should weigh in on…
Here’s how to succeed as an investor: Diversify broadly through passively managed, low expense ratio mutual funds. You should NOT be trading, trying to time the market, or any of that.
Go buy Vanguard’s Global Equity Fund (VHGEX) and call it a day. If you want to get real fancy put 10% in a REIT (preferably global) because they have similar return characteristics and stocks, but a low correlation, reducing some volatility. Assuming you’re saving for retirement you can worry about bonds once you’re over 40, if it’s for something else then it is a different story.
Boom. Investors pay advisors thousands to do basically this for them.
As a resident of LA, this really is my everyday struggle… My usual game plan is avoid going east at all costs.
Oh, and I still haven’t come around on sneakers and suits. I don’t know that I will…
Other general rules are that the metal on your belt, shoes, and watch should match and same with the leather. No brown belts and black shoes. Also your socks should match your pants unless you are using them as a fashion statement.
Last, I think 3 button jackets are out, unless you basically breathing at a different elevation than the rest of us.
Same is the case for financial advisors. Average age is 57, so they are def going to need help soon.
They had to play 36 games like it was life or death to get here, and they all had that atmosphere. I’ll let them coast the last 2.
You should have seen how intense the game was against Manchester United and how much people cared about the Spurs game that sealed it. The magical thing about soccer is that literally any team can win on any given day, but that also makes it not as well suited for a playoff structure. We would be talking like a D League team beating the Cavs plausible for some of their tournaments, but over the course of a season the better teams emerge.
Improbable? They had 5,000 to 1 odds at the start of the season.
The USA 1980 Olympic team had 300 to 1 odds.
This is arguably one of the greatest sports stories of all time
This way they aren’t suspicious when you take sick leave the day of and/or after.
Phantom probably follows you on Twitter and is loving this.
Swiping blind regardless of screen condition. PGPM.
Thank God for kickers
Just have to read these anytime that you start to doubt if you are a catch, and realize, if this is what you’re up against, you definitely are.
Is hanging up the Sperrys like the shoe equivalent of getting a minivan?