Investors who think they can be successful stock-pickers are about to get some sobering news from new academic research, MarketWatch reports.
The good news: Yes, buying one stock gives you better odds than buying a lottery ticket.
Asset Management
Picking stocks is only slightly better than buying a lottery ticket
Thanks to index funds and ETFs, diversification is easy and inexpensive to achieve
Investors who think they can be successful stock-pickers are about to get some sobering news from new academic research, MarketWatch reports.
The good news: Yes, buying one stock gives you better odds than buying a lottery ticket.