i don't trade a lot ... i got heavily invested in TSLA because i'm a huge fan of the actual product. my experience owning this stock and paying attention to how it's advised and traded has been incredibly harrowing and disturbing. not for my long TSLA position, but for every other position in my portfolio that i don't happen research obsessively on a daily basis. I can't believe how completely wrong almost all the available experts are on such a consistent basis.
extending this experience to other stocks and funds would lead me to believe that researching an investment would only decrease my ability to project its future performance. like, literally negative correlation between the accuracy of my perception and the amount of public information i consume about it. this is bad for capitalism, bad for democracy, and bad for humanity.
sure, there's a tipping point -- once you become immersed in a subject deep enough, the nonsense becomes easy to spot, but nobody has the bandwidth to live their actual life while becoming a true expert on every single investment they make. i mean, that's what mutual fund managers, analysts, and the media are supposed to obviate. instead, they are doing the opposite and making it more of a requirement than ever.
i've always played by the assumptions drilled into me by my father -- chief among these, maintain a broad, diverse portfolio to mitigate risk. this experience, though, is starting to convince me that the real risk is trusting anything other than my own primary research.