KT,
The point, however, is that taxes and inflation apply to both trading and indexing, and hence is a moot point. In fact, because of taxation rules, indexing is a favorable option for many. So, it suffices to stick to measuring relative performance for trading vs. investing, ignoring taxes and inflation. But I suspect that you realize that all along.
So, you are a lazy bum. Tell me this then, how many active traders do you know, and how many of them have made their billions? Please don't tell me that you only know lazy bums.
-BGR. |
