Great article by Mark Hulbert on the costs of trying to beat the market. Americans spend on average $100 billion annually attempting to beat the market. But do they beat it? Nope.
Mark Hulbert’s bottomline: “The best course for the average investor is to buy and hold an index fund for the long term. Even if you think you have compelling reasons to believe a particular trade could beat the market, the odds are still probably against you.”
I agree 100%.
Scott Dauenhauer, CFP, MSFP, AIF