Don't Steal Money from Day Traders Before They Lose It

Re:Don't Steal Money from Day Traders Before They Lose It by mabbo on Friday September 07, 2018 @10:29AM (#17934489)

I suspect I could do that successfully. What I do instead is give up 0.5% per year and let WealthSimple[0] do it for me. Automatic weekly payments from my bank account get invested in whatever way gets me closer to a balanced portfolio.

It's a big cut for doing something I could do manually but I'm super lazy and it's a percentage of not much money anyways.

[0] https://wealthsimple.com or https://wealthsimple.com/invite/FCU4AG if you want a referral link which gives you (and me) some extra discounts.

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Re:Don't Steal Money from Day Traders Before They Lose It by tlight on Saturday September 08, 2018 @10:01AM (#17940834)

That's a pretty hefty fee when you compare relative to average annual returns. Plus the compounding nature of those costs is not insignificant. Jack Bogle (Vanguard) has a nice chapter demonstrating this in "The Little Book of Common Sense Investing".

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Re:Don't Steal Money from Day Traders Before They Lose It by mabbo on Sunday September 09, 2018 @02:29PM (#17947108)

It is. But like I said, I'm really lazy, haha. It works out to a few hundred dollars per year for me, which I'm willing to pay.

There's also discounts for referrals which helps lower it.

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