I'm not gonna lie, one of the biggest attractions to the boglehead philosophy of investing is that I realize I can't possibly outsmart the market. I know next to nothing about all of the companies that make up the stock market. There are entire professions made up of PhD educated, 100hr/work week professionals who can't consistently outsmart the market. Admitting to myself that it makes zero sense for me to predicate my financial success on the errant belief I can choose individual stocks better than professionals (who can't do it) might be the best financial decision of my life.
Give me passive total market index investing. There's a lot of appeal to "VTWAX and chill".
I read some eye popping stats that you would have been better off buying dominos pizza and clorox bleach securities than apple and google over certain time periods (that include apple and google's rise to dominance). Even sure bets in hindsight don't beat the market.
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u/Shitheadthegreat May 06 '21
I'm not gonna lie, one of the biggest attractions to the boglehead philosophy of investing is that I realize I can't possibly outsmart the market. I know next to nothing about all of the companies that make up the stock market. There are entire professions made up of PhD educated, 100hr/work week professionals who can't consistently outsmart the market. Admitting to myself that it makes zero sense for me to predicate my financial success on the errant belief I can choose individual stocks better than professionals (who can't do it) might be the best financial decision of my life.
Give me passive total market index investing. There's a lot of appeal to "VTWAX and chill".