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Picking stocks is work. It's just another part-time job you can do, so you have to consider what it pays (usually negative), and how much you like the job. If
by jmalicki 6y ago
Picking stocks is work. It's just another part-time job you can do, so you have to consider what it pays (usually negative), and how much you like the job.
If you like picking stocks and are demonstrably good at it, why are you messing around with doing it on your own instead of starting a hedge fund and having other people pay you for the privilege?
- logicslave 6y agoInvesting advice that is ingested by the public from professional investors is the advice that applies to managing billions of dollars of capital. Its an insane situation that the public listens to people whos objectives, risk tolerances, benchmarks, and professional goals are completely different. Active investors, who are professionals, that manage less than 50 million see extremely high returns. Commonly over 100%. When you get into the billions, you cannot make the same trades, and your clients DO NOT want you to loose their money. It is more so about simple wealth preservation. Raising capital to start your own fund is extremely difficult, expensive, has extensive legal bookkeeping, and requires an immaculate pedigree. I work for FAANG and aggressively invest my money, will be retired before 40. Source is I used to work at a hedge fund
- Jommi 6y agoSo what advice should we listen to?
- someguydave 6y agoCan you point to one example of an active investor who earns more that 100% per year over say 5 years?
- deleted 6y ago[deleted]