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Old 22nd November 2019, 10:34 AM   #87
Dr. Keith
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Join Date: Jun 2009
Location: Texas
Posts: 19,778
Originally Posted by TragicMonkey View Post
*sells shares of rose growing farms and rose importers*
Tangential response: I was in the bank yesterday for something that I couldn't do on the bank app for some reason. As I was talking to the new banker who I had never met he asked about some of the investment accounts I had at their bank. He asked if I wanted to have an account for buying my own stocks. I declined and he looked at me as if I was a lizard who had just magically appeared at his desk.

I told him that the only companies I know more about than the average trader are companies I can't invest in as an insider.

And since I am not a professional trader I doubt that I could do a whole lot better than a good mix of mutual funds and some index funds.

I guess a lot of people think they are much smarter than the rest of the market. I suppose I could be if I applies myself, but for now I make pretty good money doing what I already know how to do.

These guys seem to thrive off the hubris of their clients.
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