Dan Malone

Yeah, so I think from my perspective, and I've always been a big advocate of this, both on my YouTube channel and on the website, I fundamentally believe that 99.9% of the Irish general investing population should not be going near individual stocks.

We shouldn't be looking to actually trade in individual companies, and that's simply because...

the average person does not have the time, resources, or desire to actually carry out the necessary research that's required for owning individual company stocks.

It is a very boring process.

And that's coming from someone who's actually interested in finance.

The last thing I want to be doing on a Saturday

is downloading the financial statements of individual companies and looking at cash flow and trying to work out whether the stock price is undervalued, overvalued.

What's the intrinsic value of the stock?

What's the future cash flows?

See all these terms I'm using?

Like that's things you need to know if you're going to engage in that practice.

Yeah, you see, I just don't believe in that.

And I think, you know, irrespective of what I believe, the data tells us that it doesn't work.

Again, over the last 100 years worth of data, investing in individual stocks will be what we like to call active investing.

So you're trying to actively pick stocks that you think are going to perform well or not.

at least outperform so that you can try to make outsized gains.

There's this really interesting piece of information called the SPIVA scorecard.

It's provided by S&P Global.

And effectively what they do is they measure how active professional fund managers

who actively pick investments to try provide their clients with good returns.