I was a day trader for almost 10 years.
Oh, I was so smart. I was smarter than the market and all its participants. But I was not, I was delusional. I wasted my time trying to guest the direction of the markets. I had good months in which I felt I was going to be a millionaire, and then in one bad trade I would lose most of my gains.
The one lesson I discovered, and maybe was worth the price of all my loses was that passive investment works.
The strategy create by John Bogle many decades ago is till paying huge dividends. Mr. Bogle was the funder of Vanguard Funds the inventor of Passive Investing, a strategy created for the masses. Ever since I started passive investing my portfolio has been going up at a staggering rate.
My investments are composed of three main investments:
VFV (Vanguard S&P 500 US Index ETF)
XIU (iShares S&P/TSX 60 Index ETF)
VIU (Vanguard FTSE Developed all caps ex North America)
(Other) individual stocks that mostly lose me money.
What about you? What’s your investment strategy?
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