No. of Recommendations: 1
For the average dentist, trades would add no value on average and LTBH is likely the best approach. Like most people, I think I can make a few judicious changes from time to time.
I do too.
The thing that concerns me is the possibility that I (erroneously) believe I'm in Lake Wobegon and am therefore above average.
OTOH, some of the people I follow and one I pay to subscribe to have gotten me to make trades that greatly outperformed the investments I sold to fund those trades.
So far.
what is the CAGR drag from completely giving up the ability ever to change investments for 20 years?
Well, BRK would have been a very good 20+ year investment for me. The $2000 I refused to pay for a single share would be worth $665,540 today.
From Jun 1985 to now, BRK is up 309x and VFINX (S&P500) is up 60x.
