Does active trading beat passive investing for most people?
Investment portfolios that chase quarterly returns often underperform over a decade, yet most retail investors still buy and sell based on short-term market noise. I've watched friends panic-sell during dips and miss the recovery, while my own steady index fund approach delivered consistent, if boring, growth. Does active trading actually beat passive investing for the average person, or is it just a costly illusion that feeds the brokerage industry?