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> The reality is these bets have ~10% chance of success. Randomly picking stocks - which is heavily advertised on TV, radio, and by your personal broker - has
by icelancer 11y ago
> The reality is these bets have ~10% chance of success.
Randomly picking stocks - which is heavily advertised on TV, radio, and by your personal broker - has at least as bad of a chance. Yet we glamorize it, do we not?
- fweespeech 11y ago> Randomly picking stocks - which is heavily advertised on TV, radio, and by your personal broker - has at least as bad of a chance. Yet we glamorize it, do we not? ...do we? Most of the investment advice I read says to use things like Vanguard ETFs for broad market funds.
- icelancer 11y agoLikewise. I assume your broker isn't the guy running the local bank branch and instead is a Vanguard online portal or something with low fees. But the majority of average people who have retirement funds don't trade or invest this way.
- fweespeech 11y ago> But the majority of average people who have retirement funds don't trade or invest this way. The majority of people only have like 401k type situations [which is basically like Vanguard] that are essentially that or essentially no savings.