Quote:
Originally Posted by heep223
...If you actually looked at it, you probably did not beat the market over that period of time - so why not just buy the market. ...
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What's the fun in just buying the market?
Kidding aside, your guess is correct for today, because of how well S&P500 has performed since 2008. However; I was well ahead of it back in 2009 after the market collapsed. I was on par with it back a year ago. As a reminder, my IRR is net after all fees and commissions have been paid. If my portfolio was in mutual funds, I'd have to get an 8.5% to 9% return to cover for their fees. If it was privately managed, the portfolio return would have had to be 9 to 10% to have the same net.
Overall, as you are well aware likely, not many fund managers can beat S&P500 consistently. I am not sure
any fund was ever able to do it consistently in the long run (not on a spot good-year basis). So, yes, investing in SPY ETFs should do better then most smart active investing in the long run, I agree. The problem - as you get older, the risk of needing to cash your investment during a bad market is more intolerable than in it is when you're younger.