Editorial
Sweating Under a Buttonwood Tree: A Brief History of Self-Directed Investing
On a cool, late spring morning in 1792, two dozen stockbrokers sat in the shade of a buttonwood tree outside of 68 Wall Street, sweating. Now, it may have been a lovely morning, but these “upstanding” fellows weren’t there to enjoy a cup of tea and good conversation,...
Why Most Self-Directed Investors Lose Money… A Lot of Money
If you had just a 10% chance of being successful at skydiving, would you jump? Let’s not be ridiculous, of course you wouldn’t. You might not even jump if you had a 99.998% chance of landing safely, which you do. Now, think about this… Would you buy a stock if you...
Can You Beat Hedge Funds… All By Yourself?
$10,000 suits, 200-foot yachts, private jets, and ownership in professional sports teams. If this sounds like a lifestyle you’d want to enjoy, and it probably is, you should consider becoming a billionaire hedge fund manager. One of the glamourous, “smart money”...