1.83%? That's highway robbery!
The research shows that the passive index tracking approach very convincingly beats actively managed portfolios net of taxes and fees.
I don't understand why Average Joe thinks he can beat investment firms long term with staff dedicated to tracking each and every tradeable asset. Who do you think you're trading with?
If you want to gamble on a company or a market shift then fine, but for the most part that's just what it is - gambling.
There are of course lots of reasons many individual traders are not successful. Lack of discipline and poor money management are far bigger contributors to individual trader failure than lack of dedicated staff and institutional tools.