100 billion solid arguments for couch potato investing
“INVESTORS collectively spend around $100 billion a year trying to beat the stock market. That’s the finding of a rigorous effort to measure the total costs of Americans’ efforts to surpass the returns they would have received by simply holding a stock index fund. The huge price tag helps explain why beating a buy-and-hold strategy is so difficult.”
Mark Hulbert writes about the research of Eugene Fama, and the high costs of investment complexity. (Note that Canadian fees are significantly higher than those in the U.S., so this research would probably be even more compelling if conducted here.)