There's another reason why odds are in your favor if you want to beat market averages established by open end funds. When the market is up, their funds are doing well, money floods in, and they must buy. When the market drops, disgruntled investors want their money back, even with a loss, and they must sell. Thus fund managers must buy high and sell low. Plus as you said, they have to make trades in large enough amounts that they move the market. YOU control when you buy and sell, and you can do better than the masses. YOU can buy low and sell high much more easily than a fund manager. Best wishes, Chris
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