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Money and Finances
Reply to "So, how does one stop being a "wage slave"? "
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[quote=Anonymous]the above investment advice (which is continually posted here by someone who seems a bit nuts) is bad and should not be followed by most everyone. you have maybe a 10% chance of actually outperforming the stock market by picking your own stocks. the vast majority of people should just buy a low-cost index fund that tracks the market generally. this statement -- "it's not very difficult at all to pick winniners and losers in the market" -- is laughably wrong. it is very hard to pick "winners" and beat the market over a long period of time. the numbers don't lie. there are stats to back this up. the only bit of good advice in there is to avoid paying people high fees (eg 1-2%) to manage your money/pick your investments. that is a waste for all of the reasons i stated above. [/quote]
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