Almost everyone should be investing passively in index funds. Not picking their own stocks or investing in mutual funds. Not timing the market.
When I worked in the world's largest hedge fund, I saw the jaw-dropping amount of data, research, and intelligence in the most competitive arena. Casually moving your life savings around based on whims and speculation of market timing is a great way to lose tons of money.
Folks who say that don't have an argument for why the stock market should correct or crash. "Just because it's at a new all-time high" isn't a convincing thesis.
Great points!
Almost everyone should be investing passively in index funds. Not picking their own stocks or investing in mutual funds. Not timing the market.
When I worked in the world's largest hedge fund, I saw the jaw-dropping amount of data, research, and intelligence in the most competitive arena. Casually moving your life savings around based on whims and speculation of market timing is a great way to lose tons of money.
Folks who say that don't have an argument for why the stock market should correct or crash. "Just because it's at a new all-time high" isn't a convincing thesis.