Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
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Notes -
I'm just an amateur investor. I haven't worked in the field.
I didn't say that personal experience is not valuable. I'm sure it is. But the bar is much higher for what's impressive when you're investing your own small amounts of money. The very best private investors manage to earn more than double the index, sometimes a lot more, although beating the market by 2x is really good in itself!
If you do run a fund you'll have to deal with all sorts of dumb rules meant to provide safety, like not having more than, I think it was 5 or 10 percent invested in a single stock. You can't go big on a few well chosen bets. Try getting great returns when you're forced to hold 20+ stocks at all times and you can't jump in and out when you feel like it. It's a different ball game, that's what I'm trying to say.
For what it's worth, while it may be small in the grand scheme of things, it's not small to me. I've been investing basically everything I could scrape together, and I currently have no job, just living off my investments. So it's not like I just yolo'd a few bucks on crypto or whatever. I do care a lot about risk and taxes and things like that.
I can appreciate that there are different rules for professionals managing other peoples money, I'm just surprised that the finance industry seems to hostile to career-changers. Maybe I should go back to school for a finance degree or something.
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