“Back in 1999, a chimpanzee named Raven picked stocks by throwing darts at a board. Her portfolio ultimately outperformed over 6,000 money managers by scoring a whopping 213% return for the year. And years later, a Russian circus chimp named Lusha assembled a portfolio that beat 94% of Russia’s mutual funds. Kind of makes you question the benefit of paying the experts.” – The Motley Fool
Stock Picking is Hard. That’s why financial advisors make so much money doing it for you! Take a look at the chart below or above, you can see the total 2017 returns for a few big name stock picking websites. Only 1 beat the actual market itself. Just 1!
This chart only emphasizes the need for everyone to research their stocks carefully before jumping in blindly, and take everything you read on the internet with a grain of salt, even when it comes from a “reputable” sources.
You might as well go find that chimpanzee, Raven, and have her pick the stocks for you. Or better yet, do you have a dog or cat in the house?
Give them something to do for 2018.