Can someone explain to me why every non finance professional doesn't just invest in low cost index funds? how can you beat the market when there are institutional/hedge fund investors that have more info about companies than you've ever dreamed about?
The S&P has beat the majority of hedge funds, and apparently Buffet keeps his kids trust money in a low cost index as well..
If you're not an investment professional, why would you ever try to pick stocks in the market when you can have a mutual fund create an index to invest in with no effort from your side?
The average S&P mutual fund index nets like ~8% a year over 30 years, if you max out a 401k and Roth IRA every year and just throw it into indexes, itll net you around $10mm USD when you're ready to retire..
Is there something I'm missing here?