No. of Recommendations: 69
the average investor has to settle for more modest returns. Many investors are willing
to make that tradeoff because even modest results will get them safely to retirement.

I think the Russian Roulette metaphor was way off, but I agree with the above. Most people don’t want to do what we do here — they simply want to spend their time on other things. People ask me all the time how to invest, but when I answer that they need to put in several hours a week (on average) just to continually learn about companies, 99% of them just change the subject. Or perhaps they want me to pick stocks for them, but that won’t work. Only you can pick your stocks — no one else will be there for the long haul, and/or you will panic when times get tough, and lose money.

Because this is the case, in my opinion Most people shouldn’t try to pick stocks. Better to keep your day job, max out your 401k, and just stick with index funds.

For those who want to do what we do here, I suggest reading back through the board for months and months, getting a feel for the ups and the downs. It only works for those who can handle the volatility, put in the time, and consistently stick with it.

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