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Posted On: 11/20/2020 9:56:35 AM
Post# of 27336
Attention Robinhood power users: Most day traders lose money!!!!!
“I don’t confuse day traders with serious investors,” Princeton professor Burton Malkiel, author of “A Random Walk Down Wall Street,” wrote in a blog for Wealthfront, where he is chief investment officer. “Serious investing involves broad diversification, rebalancing, active tax management, avoiding market timing, staying the course, and the use of investment instruments such as ETFs, with rock bottom fees. Don’t be misled with false claims of easy profits from day trading.”
https://www.cnbc.com/2020/11/20/attention-rob...money.html
“I don’t confuse day traders with serious investors,” Princeton professor Burton Malkiel, author of “A Random Walk Down Wall Street,” wrote in a blog for Wealthfront, where he is chief investment officer. “Serious investing involves broad diversification, rebalancing, active tax management, avoiding market timing, staying the course, and the use of investment instruments such as ETFs, with rock bottom fees. Don’t be misled with false claims of easy profits from day trading.”
https://www.cnbc.com/2020/11/20/attention-rob...money.html
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