Chapter 38 - All the reasons why not to invest in indices
Scammers abound. It's hard to compete with them visually on Instagram, because they're always so exciting with their cars and designer clothes. But I can handle their arguments even if you shake me in the middle of the night.
I dedicate this episode to a particularly evil scammer I came across this week - he preaches to young people to learn his secrets for trading on the stock market from him, instead of investing in a pension fund. I wish this man a quick change of his vile ways, and I wish you to keep your distance from such guys.
I've scoured the internet and summarized for you all the arguments that the experts (in my opinion) have provided for their excited call - "Why shouldn't you invest in broad stock indices?"
Six reasons, all of them convincing, and one argument that made it to this episode is particularly relevant.
As I promised at the end of the episode - the simplest and cheapest way to invest in indices is through an index-trading account. We in the "Investments for Lazy People" community are constantly monitoring the costs of opening a trading portfolio in companies on the Israeli stock exchange, and update the market survey file at this link: https://lazyinvestor.info/SekerShukIn...
To order the book "Investments for Lazy People", click on this link: https://lazyinvestor.info/TheBook
During the episode, I talked about the research that has been done on passive versus active investing. There are several, but this is the most readable: https://mba.tuck.dartmouth.edu/bespen...
And you have more (and in a more visual way) right here: https://www.spglobal.com/spdji/en/res...
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