Smart Beta: Is It Better To Be Lucky Than Smart?
Individual investors have long been cautioned away from trading individual securities. Less than a third of professional stock traders beat benchmarked funds — those whose value follows some large-scale economic indicator. Rather than trying to pick winners and losers, individual investors have chosen to invest while assuming there will be winners. It’s still a good idea. If you don’t have time to research your investments, a whole-market index fund with low fees will provide a safe, predictable return over time.