03-30-2016, 03:27 PM
I read another article this morning about how stock-picking is a sucker's game. And I've got several very smart co-workers who think I'm nuts for doing anything other than indexing. Even full-time professional money managers can't beat the indexes, so you're insane to buy individual stocks, the logic goes.
Maybe what underlies all of this is the notion that I am picking individual stocks in hope of "beating the market." But that's not at all how I think of my goals. From a share-price appreciation standpoint, I actually think my portfolio of 30 or so giant global companies is going to perform pretty similarly to the big indexes. I'm not trying to outperform those indexes in that sense. Really I'm building my own little index fund, with a focus on reliable dividend-payers and dividend-growers.
Just venting, I guess. Thoughts?
Maybe what underlies all of this is the notion that I am picking individual stocks in hope of "beating the market." But that's not at all how I think of my goals. From a share-price appreciation standpoint, I actually think my portfolio of 30 or so giant global companies is going to perform pretty similarly to the big indexes. I'm not trying to outperform those indexes in that sense. Really I'm building my own little index fund, with a focus on reliable dividend-payers and dividend-growers.
Just venting, I guess. Thoughts?