11-05-2019, 06:27 PM
(11-05-2019, 01:19 PM)fenders53 Wrote:(11-05-2019, 09:44 AM)ChadR Wrote: Wow, 2019 was not my year for stock picking. At least I didn't lose money. Though half the return of SPY doesn't look good. Thanks for tabulating the results Otter.
If anyone ever tells you the index never outperformed them over a short year they are either lucky, or dishonest. If it were easy there would be a long list of Mutual Fund managers doing it consistently over a long period of time. That list is pretty short and they write books.
The reason it's tough for money managers is because of their size. They cannot get a large enough position without moving price up because of their large purchases.
The funds also need to be fully invested when sometimes going to cash i the right play.
Picking the stocks or strategy is the lesser part of the issue for them.
Does anyone really believe that their personal money doesn't beat the market?