Introduction

David stein: There has never been a better time to be an individual investor. Product fees for e t f and funds have never been lower. Commissions are free for many trades on stocks and options.

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Episode notes

What are the advantages and disadvantages individual investors have relative to professional investors. How individual investors can capitalize on their advantages without being overwhelmed by too many choices.

Topics covered include:

How much have fees and commissions dropped for individual investors in the past two decades
How the overall objective of individual investors differs from professional investors
Why the smaller scale at which individual investors operate provides an advantage relative to professional investors
What are some advantages that professional investors have relative to individual investors
How having constraints and rules of thumb allow individual investors to generate better returns and be less overwhelmed
What are some examples of rules of thumb that collectively form an investment philosophy and process

Thanks to Streak CRM for sponsoring the episode.

For more information on this episode click here.

Show Notes

Trends in the Expenses and Fees of Funds, 2020—ICI Research Perspective March 2021 // VOL. 27, NO. 3

Morningstar's Annual Fund Fee Study Finds Investors Saved Nearly $6 Billion in Fund Fees in 2019—Morningstar

The Reel Deal: The Stacked Benefits of a Reel Mower by John K. Hix and Simone Bailey—Rochester Reginal Health

How to Invest in Closed-End Funds—Money For the Rest of Us

Portfolio Visualizer

The Beauty of Everyday Things by Soetsu Yanagi

Noise: A Flaw in Human Judgment by Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein

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