10년간 개별 주식투자와 S&P 500 단순투자를 비교해봤습니다📊

I haven’t done your homework but since 2004 it seems true.

The Little Book of Common Sense Investing by Jack Bogle could have saved you a lot of time on that discovery.

The part I didnt appreciate is that knowing when to sell is almost as important as knowing what to buy. In my self directed account I've had ridden so many things all the way up and all the way back down again without taking any winnings, whereas the managed or automated accounts are always trimming and rebalancing. I have time to get excited about a company or make some predictions, but I dont have the diligence to actually stay properly abreast of the company/thesis over the course of years.

In brief, beginners are advised to make simple easy to understand trades, which begins with s&p500. Then skip a few years, pick a sector and look at top 3 companies. After a decade, investors would have their own unique strategy for each sector. Some sectors are cyclical, perhaps depends on solar emission, some follows black swan events and geopolitical instability. So outperforming the basic isn't as simple as it seems because not every sector rises from quarter to quarter, like the s&p.

My individual stocks outperformed my index funds by at least 5% to 10% (annual) average over the last 10 years. Mind you, both did well and they all have risks -- I just didn't have to think much about the index funds. I also didn't do trading -- I did my research, then bought and held.

Difference between active trading and passive indexing is like being in the game and being in the audience.

In 2008 itself, Warren Buffet proved it by using a bet, it is applicable for normal individuals (exceptions may be there). [https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp](https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp)

If you had only inversed all your intuitions, you would be up a lot more.

I turned $20K into $350K in 3 years JUST contributing the IRS max into my 403b and 457b. I have a small "gambling account" where I stock-pick and have never beaten the rest of my portfolio in the long term (it's at breakeven now), though I occasionally see massive short term gains that are now just memories and screenshots.