I get so tired of seeing the lazy trope that it’s impossible to beat the market.
Like this one from some money coach on Twitter:
It pisses me off because:
- It’s not true.
- The market has only gained an average of 6 – 9% over the last 30 years.
- It scares people into thinking they have to outsource their investing to someone else.
Here’s what the ‘market’ has returned on average over the last 20-30 years:
I manage my own investments.
Always have and always will.
I’ve consistently beaten the market since I actually started paying attention to it – around 1986ish.
I take screenshots from my account every once in a while just to remind myself.
Here’s the most recent one:
And this one from 2018:
And this one from 2017:
Heck, I’ve been an investor in Costco (NYSE:COST) since 2012 and I could have beaten the market with just this one stock:
I think what these people are really saying is THEY can’t beat the market consistently.
But the fact that someone else can’t do something never stopped me from doing it.