Dale Roberts is an Investment Funds Associate with Tangerine Investment Funds Limited, a subsidiary of Tangerine Bank wholly owned by Scotiabank. My articles are for information purposes only and do not constitute investment advice or an offer or the solicitation of an offer to buy or sell any securities. These articles are my personal opinion and are not those of Tangerine Bank or its subsidiaries. Remember past performance is not guaranteed and may not be repeated. Investment strategies are not suitable for everyone and you should always conduct your own research or speak to a financial advisor.
I'm the guilty conscience of all the world's overconfident financial advisors, hobbyists, and pundits. In a moment of honest self-reflection, I admit that the following popular activities add no long term value compared to no-effort index funds:
Scrounging income by selling options.
Forecasting near-term interest rates, commodity prices, and stock markets.
Following consensus superstitions such as support levels and resistance.
Obsessing over dividend streaks.
Believing that valuation graphs identify undervalued stocks.
Thinking that beating the S&P 500 for several years predicts future outperformance.
Laboriously building a portfolio that's like an existing no-effort ETF but without the benefit of diversification.
Paying an advisor a significant percentage of your assets under management to pick mutual funds and ETFs for you.