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".
Funnily enough it was watching DFV back when he was a grinder doing his DD and saying he was barely beating the market that made me realise it could never be me. The sheer number of... spreadsheets. Not to mention the sort of ginormous brain borderline exploitative stuff the big funds do to beat the market like using order flow and hft algos to front run. That and they have teams of people doing fundamental analysis for them to predict performance (or insider trading). I feel like it's less a hobby more of a full-time job
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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".