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A comment on “Buy and Hold” No More: The Resurgence of Active Trading. Parent comment
There is a certain rationality to this, when you're coming from so far behind.
If you need a million dollars and you start with $200K, you set a timeline and a prudent plan.
If you need a million dollars and you start with $2K, you're so far behind[0] you may as well gamble.
I do not necessarily advocate the latter. I'm just articulating the thinking/emotion.
[0] 2000 at 7% p.a. takes 92 years to top a million if my arithmetic is correct.
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There is a certain rationality to this, when you're coming from so far behind.
If you need a million dollars and you start with $200K, you set a timeline and a prudent plan.
If you need a million dollars and you start with $2K, you're so far behind[0] you may as well gamble.
I do not necessarily advocate the latter. I'm just articulating the thinking/emotion.
[0] 2000 at 7% p.a. takes 92 years to top a million if my arithmetic is correct.