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crystaldev | 6 years ago

Yes, and also some companies may be affected more by their own fortunes, or the fortunes of their particular industry, than by the mood of a monolithic "market."

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Scarblac|6 years ago

But it seems to be accepted wisdom nowadays that nobody can pick stocks and beat the average consistently.

So what a large chunk of the market ends up doing is buying index trackers or achieving the same goal by spreading investments as widely as possible.

perl4ever|6 years ago

The nice thing about indexes is there are so many of them...

I read somewhere there are actually more ETFs now than individual stocks.