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system
why not just invest in the market?
user
most of it is probably due to ignorance and disbelief. a few years ago, i started doing week-long trades with my ira. for a while i would make money each time, and over the first year i had about a 20% rate of return. if you asked me if i thought i was smarter than other people in the market, i would've told you no - i just spent more time, and most people accepted a small financial penalty for not having to spend the time directly managing their portfolio. then i made a few poor choices, and all my previous earnings disappeared quickly. in the short term, yeah, things were great, but that didn't extrapolate out. so now that i'm a few years into investing, i'm almost entirely in index funds.
assistant