A Portfolio is Not a Plan

Portfolios are now free. Trading stocks is now free. Robinhood took it there, amassing 4 million customers with absolutely no intention of making money. The venture backers and Snoop Dogg (true story) understood the value of building a user base first. And this morning JPMorgan followed. Why not? Equity trades have been a commodity for a decade. What’s changed is that now they’re a worthless commodity, a lo...

source http://thereformedbroker.com/2018/08/21/a-portfolio-is-not-a-plan-2/