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Joined 2 years ago
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Cake day: June 13th, 2023

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  • It’s the same thing with your personal finances. All the financial salespeople advisors will tell you to buy actively managed funds because they get paid more can beat the market.

    I fired my first advisor after learning about passive investing and she literally said, “you can’t beat the market if you are the market.” I resisted the urge to request a guarantee that that would happen, but I did track the difference between my actual investments and if I stayed with an actively managed fund with similar holdings. Unsurprisingly, I’m tens of thousands richer today than I would’ve been.

    If the market is up or down, fund managers are still going to take their 2.whatever% cut. I much prefer the 0.2% I pay.