>> Many quant trading firms make 50%-100% annual returns, each year, over the past 15-20 years
100% annual returns on 1 million dollars for 20 years is 1 trillion dollars. No one is making that type of return.
100% annual returns on 1 million dollars for 20 years is 1 trillion dollars. No one is making that type of return.
Classic passive ETF Boglehead mindset.
Who said anything about re-investing? There are also significant tax considerations (loopholes) that encourage cashing out annually.
Math class does not teach practical knowledge such as personal finance or health.
Citadel returns since 1990 is 38% annual returns before fees to outside investors. They have a 5:50 fee structure. There are hundreds of more firms, staying out of the public eye.
https://www.barrons.com/articles/multistrategy-hedge-funds-p...
Minimum investment $5M. Sorry but the middle class is not allowed.
Besides, I knew nothing about construction when I discovered that the contractor I hired to pour a patio was overcharging me by 30%. All it took was a bit of geometry I learned in grade school.
Pay no attention to math in school and you'll be prey to every scammer who did, and you'll never realize it.
It teaches you how to work in a quant shop