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I mean if you want to not go to jail all you really need to do is beat the market by N% and take that as your fee. If N is sufficiently low you can probably do
by unlinked_dll 7y ago
I mean if you want to not go to jail all you really need to do is beat the market by N% and take that as your fee. If N is sufficiently low you can probably do it by aggressively balancing the portfolio every 2-3 years, such that it functions like an index fund but with adjustment to cut out losers.
There are plenty of folks out there that will do this for you. Just don't get greedy.
- BoiledCabbage 7y agoUh, if all it took to beat the market was consistently rebalancing your portfolio everyone would be doing it. It takes more than that to consistently beat the market.
- unlinked_dll 7y agoA lot of money managers are doing that. It's a tiny percentage, something like 2%. The reason that it isn't as common is because the time table is like 15-20 years, not 3-5.
- deleted 7y ago[deleted]
- BoiledCabbage 7y agoIf you beat the market for 3-5 years, that's not consistently beating the market. That's flipping a coin. That's 100 people flipping coins, and being impressed that someone got 4 heads - all in a row.