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October 26, 2020

Playing the market is a bad idea, especially now

  • Brokerages have reported a surge in trading and new accounts this year.
    • By LIZ WESTON
    NerdWallet

    The current day trading boom will end as these frenzies always do: in tears. While we wait for the inevitable crash, let's review not only why day traders are doomed but also why most people shouldn't trade, or even invest in, individual stocks.

    Research has shown that the vast majority of day traders lose money, and only about 1% consistently get better returns than a low-cost index fund. iStock image


     
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