Sold my last individual stock this week ...
Over time I have been reducing accumulation of individual stocks, in both taxable and after tax accounts, paying what ever cap gains where appropriate and have been shifting to a relatively lazy 4 fund portfolio of low cost broad equity index ETF's
I hit a milestone this week by dumping the last of my individual stock/shares.
I want the non-systematic risk reduction that the broad market etf's provide. I also find I don't have the patience to follow individual companies like I used to do. Nor am I good enough as a stock picker to beat the broad market consistently.
So now I can say I am officially an indexer ... Never thought I would say that, but here I am.
I am NOT smarter than the market despite my best effort, education, and 25+ years of trying. Yes. A few winners but a few losers too...
I'll still keep the "gambling account" active for occasional market timing shenanigans