IdleRich
IdleRich
Those are my exact points - in a bull market (almost) everyone makes money including index trackers (which might be better as well cos you don't need to pay for any thinking or analysis or anything), and of course the more you have the more you make.sure, but not in the past 10 years, the dow and s&p 500 are at all-time highs.
it's also a matter of scale: if I invest $100 and the market goes up 5%, I've made hardly anything. but if bill gates invests a billion and the market goes 5%, he makes $50 million.
What gets my goat is that fund managers think they are clever for achieving this and don't realise it's just cos the market is going up and they put loads in. I just thought it was funny that the guy in the interview tacitly admitted that that's all there is to it "Epstein just made money by strong-arming rich people into investing and then copying the market" well d'uh. He probably out-performed a lot of them too.
I just think that there is a lot of mystique in fund management when a lot of it is down to chance. Yeah I know that some have consistently outperformed the market and made money when things are falling but a lot of them are not doing that much I reckon. And analysis by charts with all that double-tops and shit has gotta be bollocks hasn't it?
Anyway, sorry to derail, not the main point here I know.