'I'm no Wall Street expert — just a 20-something with a brokerage account, wanting to build long-term wealth by starting young'
. One of the things she brought up was active trading.
"The worst advice is telling people to do something," she said. "Whether [the advice] is to try to buy in now, or buy small cap stocks because they should come out of this better, or buy shares of X, Y, Z company. This type of active management ... even the professional active traders and active portfolio managers don't do it well all the time."
Krawcheck isn't the only expert who says active trading probably isn't for everyday investors like me. Even investing legendI couldn't help but think: Am I misleading myself to think that I'm an exception to this advice? I'm no Wall Street expert — just a 20-something with a brokerage account, wanting to build long-term wealth by starting young.
I realized that what I really wanted wasn't active trading. I wanted my money invested without the pressure of choosing what it would be invested in myself. I wanted to stop checking my account once a week. I wanted a long term, . I wanted away from the very model that I'd once loved, because I realized that the control I felt was an illusion all along.On my couch the Friday after my conversation with Krawcheck, I realized that the kind of investing experience I want does exist.
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