Lie: It Takes Too Much Time And Effort To Manage A Portfolio
A good portion of independent investors are drawn to trading and the market, in general, because they enjoy it. It’s a hobby for many.
But, a vast group of potential investors are left on the doorstep of financial freedom because they believe that it takes special skills and a whole lot of time and effort to become a “trader.” They may invest in a few stocks, but rumors that they will be forced to spend hours locked away with a copy of Value Line and research earnings reports keeps them from actively trading and investing.
With a full-time job and family commitments, time is a commodity they can’t trade.
So, they need someone else to mind their money, they decide.
The financial industry reinforces this stereotype, making it clear that only financial analysts with 120-hour work weeks can understand the market.
But is this true?
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