Talk of The Villages Florida - View Single Post - Are Soc. Sec. and Medicare important to you?
Thread: Are Soc. Sec. and Medicare important to you?
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Old 10-10-2020, 02:51 PM
John41
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Originally Posted by jimjamuser View Post
Too many people "think" that they are a stock market "wizards". I have know many very smart individuals that have gotten severely burned by the stock market. It is a LOT like Las Vegas - 90% of the time for the high risk takers - they lose and the HOUSE wins. Winning at gambling AND the stock market can be addictive and thus cloud your perception.
Index investing and dollar cost averaging has far outperformed managed investing by “wizards” and just takes some emotional control not to sell when the market slumps. Every high school student should read the book “A Random Walk Down Wall Street” by Burton’s Malkiel.