As far as I’m aware, there’s no peer-reviewed, academic study that shows any evidence that active trading will result in better returns. Despite that evidence, there are still plenty of people who claim to outperform a low-cost, buy-and-hold investment strategy. They insist that settling for the return of the market, say in the form of a simple index fund, is settling for mediocrity.

Read the rest of the article at The New York Times.

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