I have a lot of friends who have heard stats about how most professional traders do not outperform the market and therefore it’s a fool’s errand that a non-professional trader try to pick individual stocks to invest in, instead of just passively dumping things into an index fund. Obviously, there’s wisdom and value in this advice, but for those who have started to pick individual companies to invest in, I'm curious to hear your simple one(ish)-liners that hit on the reasonableness and appeal of stock picking.
Imagine addressing someone who is:
- Scared to pick individual stocks AND/OR
- Feels like it's gambling AND/OR
- Has heard, "most professional stock pickers can't even outperform the stock market long term."
No paragraphs or multi-clause arguments or rebuttals to the prompt saying “it depends”. Quick and dirty one-liners only please.
Submitted July 01, 2021 at 11:04AM by mathaios620 https://ift.tt/3h9tMkH
