> No one can reliably predict the business cycle let alone individual stock performance absent inside information. Stock picking is a losing game.
This is incorrect. Slow guys like Warren Buffet, and fast guys like Renaissance. Also a bunch of traders I either know or had some info about consistently beating the market.
Sometimes it is not inside information but public information that is hard to pick on. Or analysis that the average person can't do. Or access to other markets that can give you an extra handle that someone else doesn't. It is a big world out there.
> 2) Buy the most inexpensive house you can tolerate.
How about renting? You are young -> Studio. Got family and kids -> House. Back to being a couple after kids leave -> 2-bedrooms.
This is incorrect. Slow guys like Warren Buffet, and fast guys like Renaissance. Also a bunch of traders I either know or had some info about consistently beating the market.
Sometimes it is not inside information but public information that is hard to pick on. Or analysis that the average person can't do. Or access to other markets that can give you an extra handle that someone else doesn't. It is a big world out there.
> 2) Buy the most inexpensive house you can tolerate.
How about renting? You are young -> Studio. Got family and kids -> House. Back to being a couple after kids leave -> 2-bedrooms.