I hear your argument, but respectfully disagree.
what good in diversification lately?
are you diversified? I scoff at that often.
I guess Warren Buffet agrees - he says diversification is great for people who know nothing about stocks. So yah, if you cannot read a financial statement and understand what matters, and you lack feel for what is “real” these days - go with an index fund at least. Better than staying out of the market entirely! It is fairly well proven to bring positive returns. But maybe you’ll be an old man before getting your lambo.
it’s worthwhile to improve and constantly challenge your worldview.
here’s a big question: all those stock broker experts - are they rich? Why not? If they knew something useful they could have applied it to their own portfolio and made a lot of big money. Then they probably wouldn’t want to be financial advisors anymore Or stock brokers right?
Etrade options analyzer said I had a 28% chance of blah blah Recently. Next day I asked my buddy what the magic Etrade options analyzer said ( after I was already up 125%), and he said 32%. So at the moment I’m thinking that you have to take a lot of analysis with a grain of salt
Pardon my lack of capital letters today at the start of sentences