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The thing is, contrary to normal expectations, experts in financial investments don't come with expected increase in returns. You surely don't normally expect
by chii 2y ago
The thing is, contrary to normal expectations, experts in financial investments don't come with expected increase in returns.
You surely don't normally expect people to be their own doctors, or electricians, or any sort of professional work themselves (other than their own field).
And yet, it is not the case for financial investment. This is counterintuitive, despite being absolutely true. But without decent exposure to the literature and education about it, it is very easy to not know or find it baffling that a low cost index fund is the optimal for the average person. Not to mention the myriad of tiktoks and finfluencers claiming otherwise!
- danielmarkbruce 2y agoHmm i wrote almost the exact same thing at the exact same time...
- lostmsu 2y agoThis is wrong for most professions except doctors, who actually can't be their own doctors for obvious reasons.
- geor9e 2y ago>who actually can't be their own doctors for obvious reasons. Is it weird that I, thought by many to be a smart and worldly person, have zero clue what any of those "obvious" reasons would be? I have an engineering degree and I'd be my own engineer. I might get second opinions, i.e. chit chat with co-workers, but not for everything.