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> over the past 60 days is not year over year > doing ok You can be doing okay, you can even be beating the S&P 500 in the short term; but if you're beating
by smileysteve 8y ago
> over the past 60 days
is not year over year
> doing ok
You can be doing okay, you can even be beating the S&P 500 in the short term; but if you're beating the S&P 500 over the long term you are beating almost every professional team of fund managers.
https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/1324002182/ https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/13240...
- orojackson 8y agoI mean, look at what Fidelity is doing with FZROX and FZILX. Both Vanguard and Fidelity are locked in a crazy fee war [1] to be the GOAT of asset management companies [2]. How the hell do you compete with Fidelity as an individual stock picker when there are no fees to speak of to participate in this fund? I've seen people mentioning that HFT can totally and consistently beat indexes [3], but then a) can I even get in on the action with less than $1000 and b) is the automated system in place any good? [1] https://riabiz.com/a/2018/12/13/vanguards-asset-machine-wobbles-under-abby-johnsons-withering-pricing-assault-but-fidelitys-new-cost-cutting-front-aimed-at-advisors-is-proving-more-lethal-for-blackrock https://riabiz.com/a/2018/12/13/vanguards-asset-machine-wobb... [2] https://news.ycombinator.com/item?id=18701283 https://news.ycombinator.com/item?id=18701283 [3] https://news.ycombinator.com/item?id=19228699 https://news.ycombinator.com/item?id=19228699