I keep two investment accounts at the brokerage.
One is a managed investment account, and the other is an unmanaged investment account.
I challenge myself to pick stocks and funds in the unmanaged account.
And every year, it has outperformed the managed account.
“Why do I bother paying you?” I tell the broker.
That’s when the market went down. Really far down.
All of my picks went into the toilet, and the margins got called in.
The managed account, on the other hand, only took a small dip, and then bounced back with the market.
“That’s why,” said the broker.