Ramit Sethi argues that active trading is a poor long-term strategy: most traders lose money and over 80% of top Wall Street investors fail to beat the market. He recommends simple Vanguard/index funds as a superior, accessible option that can outperform many expensive professional investors.
You could spend your entire life trying to trade. But traders hardly ever make money over the long term. Those people almost all lose money. You'll notice they're your best friend when they're making tons of money. When it goes down, those people simply disappear. And you learn that mathematically, even top Wall street investors, over 80% of them, don't even beat the market. What does that mean? It means that you watching this show right now can pick a simple Vanguard fund and you can beat over 80% of these fancy Wall street suits. These guys were paid over a million dollars a year.
