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I'm up 75% this year [0] by buying companies I like and holding them 'forever'. But if someone asks me for investing advice I'll still tell them to go for index
by sobani 6y ago
I'm up 75% this year [0] by buying companies I like and holding them 'forever'. But if someone asks me for investing advice I'll still tell them to go for index funds.
Because while I might be lucky enough to trounce the market right now, that doesn't mean I'll trust anyone to pick the right companies. It's safer to go for average returns than to risk the market trouncing you, especially with the vast majority of your wealth. And no, this etoro account is not my main investment account.
[0] https://www.etoro.com/people/neversell/stats https://www.etoro.com/people/neversell/stats