Separately, retail investors also outperform the S&P on average: https://www.wsj.com/finance/stocks/who-you-calling-dumb-money-everyday-investors-do-just-fine-9

Separately, retail investors also outperform the S&P on average: https://www.wsj.com/finance/stocks/who-you-calling-dumb-money-everyday-investors-do-just-fine-9dd63892 https://www.wsj.com/finance/stocks/who-you-calling-dumb-mone... > The average individual-investor stock portfolio has risen about 150% since the beginning of 2014, according to investment research firm Vanda Research, which began tracking the data nine years ago. That beats the S&P 500’s roughly 140% during the same period.