Wealth
66,465 households: the busiest traders earned 11.4%, the market 17.9%
In 66,465 U.S. brokerage households, 1991–96, the busiest traders earned 11.4% a year as the market made 17.9%. What the study says trading cost them.

In 66,465 U.S. brokerage households, 1991–96, the busiest traders earned 11.4% a year as the market made 17.9%. What the study says trading cost them.

Newton didn't go broke in 1720. He took an early profit, bought back in, and lost more than he'd made. What the records show, and the trap that caught him.
The Rule of 72 turns any rate into years. Where it came from, why it works, and the three places it quietly breaks. Education only, no tips.
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