Comment on [deleted]
designated_fridge@lemmy.world 1 week agoYou can check out SPIVA which tracks the people like the guy you’re paying to predict the future.
In all markets the results are consistent. Over a single year a professional has about a 50% chance of beating the average. This probability drops over time and over a 10Y period about 10-14% of professional investors beat the average.
You paying this professional is essentially the same as you thinking that you are able to identify the top 10-15% professional investors. And maybe you just are that great and we should all follow suit. But I doubt it. It’s your risk to take though. No one is going to force you to choose the cheaper option with the better probability to give the best returns.
SpaceNoodle@lemmy.world 1 week ago
Y’all, he’s literally just a financial advisor who’s diversifying my portfolio for me. Fucking chill.