Chapter
The Difficulty of Beating the Stock Market with Picking Stocks
48:55 - 54:17 (05:21)
Only about 10% of stock pickers show skill, and although it's still possible to make money picking stocks, it's likely to be less than if invested in index funds. The emotional toll of seeing daily swings in a portfolio can also be challenging.
Clips
The speaker highlights the impact of living a lifestyle with minimal expenses and aging with photo, AI aging stuff on savings.
48:55 - 50:00 (01:04)
Summary
The speaker highlights the impact of living a lifestyle with minimal expenses and aging with photo, AI aging stuff on savings. Saving money is crucial for retirement planning as it is difficult to sustain the current lifestyle without any financial support.
ChapterThe Difficulty of Beating the Stock Market with Picking Stocks
Episode#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
PodcastModern Wisdom
The speaker discusses the psychological impact of investing in individual stocks, including the stress of monitoring daily swings in the portfolio and the overall toll it can take.
50:00 - 51:43 (01:43)
Summary
The speaker discusses the psychological impact of investing in individual stocks, including the stress of monitoring daily swings in the portfolio and the overall toll it can take.
ChapterThe Difficulty of Beating the Stock Market with Picking Stocks
Episode#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
PodcastModern Wisdom
Only a small percentage of stock pickers are able to identify skill in the market and consistently beat the stock market over time; the majority of people are better off investing their money in an S&P 500 or world index fund.
51:43 - 54:17 (02:33)
Summary
Only a small percentage of stock pickers are able to identify skill in the market and consistently beat the stock market over time; the majority of people are better off investing their money in an S&P 500 or world index fund.