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<p>[QUOTE=&quot;jjack, post: 1333269, member: 33596&quot;]In that case you should go work for hedge fund <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Either way we can all boast about our real or fantasy portfolio and how well it is doing but in reality most funds and portfolio have been flat for last decade or so. Why?</p><p><br /></p><p>1. ETFization of the market, good and bad companies get pooled together under a particular sector and gets traded with them. As a result if something bad happens to the sector (Conflict in Libya or Euro crisis) the stock gets hammered even if the company has is not in any way impacted by the event.</p><p>2. Automated trading has driven volatility up way up and these huge swings in the market makes it very trade for your average joe to trade in.</p><p>3. Growth is already priced in, these days it is hard to find good growth stories like Amazon. Take for example Groupon (or $100 billion impending FB IPO), a decade ago this stock would have gone public a year ago for couple hundred million. But these days issuers and venture capital are quick to pounce on next big thing and when they release it make sure the company makes as much $$$ as possible when stock is issued. In fact&nbsp; every IPO in last couple years is trading levels at far below its issue price after 1 week.[/QUOTE]</p><p><br /></p>

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