When I was younger and first heard about investing I thought: “Wauw, this concept of my money working for money instead of me working for money is so smart that I’m probably not smart enough to do it”. But I considered myself smart enough to not just let anybody do it, so I went online and researched the different investment funds. After thorough googleling (wauw such skillz, huh?) I ended up picking a somewhat local fund based on past performance.
Was I as smart as I thought with this past performance research? The fund performed like its benchmark, but the costs made sure that I didn’t!