If you fancy yourself as a stock picker, think about this.


In "FINALLY, SOME EXCELLENT INVESTMENT ADVICE: Don't Play The Losers' Game", Henry Blodget makes a very good comment:

"if you choose to play this global sport [of investing], you will not be playing in a special Little League or low-stakes table with the folks like you who just aren’t that good at it. You will play in the same league as the best professional players in the world. And you should expect to do as well against them as you would do against the PGA Tour players at the Masters or the Green Bay Packers in the Super Bowl or the Yankees in the World Series or grand masters in chess... the only way for you to make money trading versus investing intelligently (owning low-cost index funds) is to out-play these top professionals."

How do you think you'd fare on a tennis court with Roger Federer?

Would you win a sprint against Usain Bolt?

Would you end up in one piece after stepping onto a rugby field against the All Blacks? 

If you're picking stocks, that's the sort of company you're keeping. The professionals need to make money to justify their high fees somehow.

As the poker adage goes: "If you don’t know who the sucker is at the table it’s you."

Sonnie Bailey

Sonnie is the founder and principal of Fairhaven Wealth.

Before founding Fairhaven Wealth, Sonnie worked in the legal and financial services industries for over a decade.

Sonnie first became involved with financial advice as a specialist financial services lawyer. For many years, he was an “adviser of advisers”, reviewing thousands of advice files prepared by hundreds of financial advisers, and providing feedback in relation to the quality and appropriateness of advice; industry best practice; risk management; and regulatory compliance. He has published work in industry publications and spoken at various financial advice conferences.

Sonnie has also worked with banks, investment management firms, insurers, and derivatives providers.

Sonnie has worked as a private client lawyer, focusing on succession, estate planning and trusts. He ran his own legal firm in Australia before relocating to New Zealand. He has also acted in independent trustee and company director positions.

Sonnie is passionate about helping people achieve their goals and manage the risks to which they are exposed.

He has written extensively on his blog, New Zealand Wealth and Risk, which can be found at www.wealthandrisk.nz.

Sonnie is married to his wonderful wife Chrissy, and has two young children, Ben and Anna.