Originally Posted by TragicMonkey
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.