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GameStop axes its short-lived NFT marketplace as it retreats from crypto
(www.engadget.com)
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this post was submitted on 14 Jan 2024
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The upside should mirror the market because the top 10 companies in the S&P make up ~30% of the index. So if Apple, Amazon, etc make big moves, the market will likely make similar moves.
So buying a handful of massive companies is just an inefficient way to buy the S&P, which is just an inefficient way of buying the whole market.
It's not the worst idea, I just don't see much of a point. I don't know why I should expect Apple to outpace the market.
But yeah, I totally agree with you, buying funds makes a lot more sense. I do pretty much zero work and get most of the benefits for a fraction of the risk.
Mostly, sure. But, the difference is that the index contains some of the smaller companies too. If there's something that hits all the big companies at the same time (like robust anti-trust enforcement actions), the mid-sized companies are the ones who are most likely to benefit because they can take advantage of the pressure on the big companies.
If you just invested in the big companies you could be hurt, but theoretically if you invest in the whole market (or an index representing it) you could have the losses in the big tech stocks offset by growth in the mid-sized ones.
Anyhow, I think we mostly agree. The market is manipulated, many traders, even pros, are irrational. So, even if you know what you're doing, it's smart to hedge and spread your risk around.