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> That's why I keep my money far away from the stock market except for index funds. I think the sucker at the table is the amateur day trader who thinks they c
by bbcbasic 11y ago
> That's why I keep my money far away from the stock market except for index funds.
I think the sucker at the table is the amateur day trader who thinks they can out-smart the market, but really they are gambling.
On the other hand spotting an undervalued stock and buying it and holding for the long term, especially with a portfolio to protect you isn't too suckerish and should be quite immune from whatever the insider traders and high frequency algo guys are doing.