> The punter does not win on average with stocks due to fees and spread.
Literally 100% of my investing is the stock market. I have so much faith in the stock market that I rent because I don't want to waste the opportunity cost on equity in property.
A punter is informal slang for a person who gambles. I buy and hold a diversified portfolio of index funds over decades. I am very much not a punter.
It seems there is more than one definition of 'punter'. I meant it as 'customer/client'. But other sources define it as 'a person who gambles, places a bet, or makes a risky investment'.
Not really. There just seems to be more than one meaning, and we were each aware of different ones. The meaning might vary by country (I am in the UK).
That 0.6% one is actively managed. The true index funds on that list are charging 0.2% or less (0.12% for most of the ones you'd want). So 0.27%-0.35% all-in. I stand by 1% being be a rip-off.
Putting your money into an index fund is the exact opposite of what is being advertised, e.g. trading platforms optimized for day trading, complete with blinkenlighten and "learn to trade" mini courses teaching technical indicators and other voodoo nonsense.
My stock ISAs have gone up pretty much every year (after inflation and fees).