Re: Is the stock market really +e.v.
1) If you keep buying/selling the bid/ask spread and commisions will eat into your capital.
2) If you chose a large number of US stocks randomly you would acheive market returns similar to vanguard total market index, good or bad.
3) In practice you buy when you have the money and sell when you need the money. Randomness might not be achievable.
|