The default prudent investment strategy these days is essentially a “buy and hold” (or, more precisely, “buy, hold, and rebalance”) strategy with low-cost index funds or ETFs.
I’m convinced that a normal, early stage of investment literacy is mentally testing out various ways that somebody could do better than such a strategy: picking winning stocks, various market timing strategies, assorted options strategies, etc. And, eventually, you learn enough to realize that most of that stuff is detrimental to results, on average.
Ben Carlson recently addressed two such topics:
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