People who say index funds are the same type or person who would have suggested certificates of deposit 30 years ago. Neither will beat the market, ever.
Invest with someone who has fiduciary responsibility and pay the same fees as a index fund but beat the market.
Options and margin day-traders/gamblers. Single day declines like that on index funds are pretty rare (or used to be), so some people may bet against it thinking it’s a “sure thing,” that they wouldn’t lose too much money if it’s a more normal 0.5% decline. Some trades could cause people to lose all their money (and more) on such declines.
wait, my investments are down between 2.5-3% from the day before. what’s everybody freaking out about?
QQQ is still up 20% for the year
Now you know how the average investor thinks and/or behaves
Buy high sell low, that’s my strategy and it’s working great 🤑😎
Well, that is the strategy of the average active investor.
Do not be the average active investor.
Index funds baby
People who say index funds are the same type or person who would have suggested certificates of deposit 30 years ago. Neither will beat the market, ever.
Invest with someone who has fiduciary responsibility and pay the same fees as a index fund but beat the market.
Options and margin day-traders/gamblers. Single day declines like that on index funds are pretty rare (or used to be), so some people may bet against it thinking it’s a “sure thing,” that they wouldn’t lose too much money if it’s a more normal 0.5% decline. Some trades could cause people to lose all their money (and more) on such declines.
i’m 4000% ytd, i can see why people get addicted to this.