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FYI: WE HEAR ABOUT highflying stocks and hotshot money managers, and it’s easy to imagine the streets of lower Manhattan are paved with gold. But the truth is a tad more mundane. Regards, Ted https://humbledollar.com/2019/10/improving-the-odds/
The historical data demonstrates that even market wizards, with all their time, resources, and experience, are challenged to beat the market, I conclude that I am likely to also fail in that objective. What do do?
One simple strategy is to construct a portfolio of low cost Index funds and go away. The going away is the challenge to that strategy given the pressures of daily news. The news is hard to ignore, but that’s the secret to success.
I mostly follow that strategy and only check my portfolio value only several times a year. I would probably do better if I cut down on that limited frequency. I fail in that regard. Every time I check, I make some modest adjustment. In general, those adjustments are losers. It’s hard to outwit the market in rhe long term.
Comments
The historical data demonstrates that even market wizards, with all their time, resources, and experience, are challenged to beat the market, I conclude that I am likely to also fail in that objective. What do do?
One simple strategy is to construct a portfolio of low cost Index funds and go away. The going away is the challenge to that strategy given the pressures of daily news. The news is hard to ignore, but that’s the secret to success.
I mostly follow that strategy and only check my portfolio value only several times a year. I would probably do better if I cut down on that limited frequency. I fail in that regard. Every time I check, I make some modest adjustment. In general, those adjustments are losers. It’s hard to outwit the market in rhe long term.
Best Wishes