>The alternative is if you really understand valuations, diversification, risk and market psychology, like I do, then you can consistently beat the market. Most people cannot and most people you pay fees to do it on your behalf won't.
There is also a catch: Suppose someone reads this, thinks "I think I could be as good as it as this HN user" understanding valuations and market psychology and whatnot.
Maybe you can. I am not sure if I can. But one thing I learned while trying, studying some companies and trying to find out where I could have relevant domain insight and then somehow coming up with an estimate for correct stock price when to buy/sell is a hugely time consuming hobby which isn't super fun.
There is also a catch: Suppose someone reads this, thinks "I think I could be as good as it as this HN user" understanding valuations and market psychology and whatnot.
Maybe you can. I am not sure if I can. But one thing I learned while trying, studying some companies and trying to find out where I could have relevant domain insight and then somehow coming up with an estimate for correct stock price when to buy/sell is a hugely time consuming hobby which isn't super fun.