rookiepilot wrote: ↑Fri Dec 24, 2021 8:24 am
pelmet wrote: ↑Thu Dec 23, 2021 7:53 pm
So do I, but they are mostly managed by the 'experts'.
What is an expert? If they are that good picking stocks, why do they bother with you (or anyone else) as a paying client?
If they aren't that good, what makes them an expert? Some shit letters after their name? They write a newsletter that sounds good?
What makes a pilot an "expert"? The fact they hold a CPL?
Let me tell you something.
Good traders trade. Good letter writers, (or advisors) -- write letters.
You will notice that I put the term experts in italics. There was a reason for that.
That being said, the 'experts' I deal with have given reasonable returns, but as the saying goes, 'a rising tide lifts all boats'. And the stock market has done plenty of overall rising over the years. Still, there is the convenience of having a diversified portfolio and some spectacular gains on the American market.....and the usual, occasional dogs. Some have recovered nicely while some others were quietly sold off.
I have to admit, I was a bit disappointed that my 'experts' didn't see the covid cliff coming. It was obvious in retrospect, unlike the previous two deep dives. At least it should have been obvious for the 'experts' whose lives revolve around such stuff. Of course, they will say they h=just held on for the long term, that capital gains were avoided, and that I am ahead now compared to where I was. But Feb 2020 would have been a great time to trim some real gainers and then dive back in a month later.
I did jump in with some cash on XIU after the first of the big drops which did work out well(too early overall though) but I had relatively little cash to invest.