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The best thing you can do IMO is to spend some time seeking out the most skilled people you can find to manage your money, and give 95% of your money to them until you've convinced yourself that you can beat their performance based on whatever trading or investing activities you do with the remaining 5%. Many of the best performing fund managers (eg Paradice) tend to focus their efforts on very wealthy clients, which is a shame for the rest of us, but there are other consistently high-performing funds (over 5+ years and preferably 10+) who will take your money.I think this is the most logical thing to do (and the thing that no-one does), since it's very unlikely that relative beginners in the stock market are able to beat the most highly skilled value investors.
The best thing you can do IMO is to spend some time seeking out the most skilled people you can find to manage your money, and give 95% of your money to them until you've convinced yourself that you can beat their performance based on whatever trading or investing activities you do with the remaining 5%. Many of the best performing fund managers (eg Paradice) tend to focus their efforts on very wealthy clients, which is a shame for the rest of us, but there are other consistently high-performing funds (over 5+ years and preferably 10+) who will take your money.
I think this is the most logical thing to do (and the thing that no-one does), since it's very unlikely that relative beginners in the stock market are able to beat the most highly skilled value investors.
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