Reply to So, how does one stop being a "wage slave"?

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[quote=Anonymous]"Stop telling people what they can't do and start telling people what they can do."

i've pointed out very simple, verifiable information:  the vast majority of professional stock pickers fail to beat the market consistently.  again, these people are trained and paid to sit around all day researching and picking stocks in an effort to outperform the market.  according to the study i referenced (and linked) above, less than 1% -- one percent -- of them are able to do so on a consistent, year-after-year basis.

so, what the vast majority of people _should_ do is invest in low-cost index funds.  what they should not do is follow your idiotic advice, which will leave them with less money at the end of 30 or so years than they'd have if they had just invested in index funds.  this is a fact.

what are your annualized gains over the last 25 years? calcuate that and let us know. if it's more than 2 points higher than the market has returned, i would like to give you my money to invest. you can charge me a 1% management fee. [/quote]

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