Ramit Sethi explains why most investors underperform: they buy high when markets are hyped and sell low in panic. Sticking with a simple index fund and staying calm through downturns beats trying to time the market.
I don't want that to happen to you. I want you to have unmovable, unshakable confidence in your beliefs. Even if things get bad, you know they will eventually get better. Fearful investors buy high when everyone's going, "Oh, the market's so crazy." They buy then. They sell low when everyone's scared, and then they repeat the cycle. That's why the average individual investor has horrible returns compared to a simple index fund. They literally do everything wrong. I don't want you to do that.
