Young bro, you got me wrong. It appears that you have read so much from internet. At times, reading too much is harmful in decision making as you cannot decide what idea/theme to pick. Data is not important, information
(mining of the data, coming to conclusion, then act) is. I suffered from it.
I stay in India.
Coming to the point, I didn’t mention markets doesn’t make you feel rich. They do. But every else are on the same page investing in same markets. Hence you are no richer than them. There will be exceptions and smart investors always beat general public. But when average investor is acquiring more knowledge/education on markets, it takes extra effort to be a smart investor. I wrote it in that context. The more you dig into something, the more you like it. I have been a stock market evangelist for years. I fell in love with markets. It took me years to come to senses that Buffet and RJ days are gone. I believe most of Buffett or RJ’s wealth is because of their timing. They participated when markets are nascent. Yes, MF may still make 18% CAGR. But if that happens, then everyone (me, you, my friends, my relatives) is going to be rich which cannot be true.
According to me any field that you choose should have tailwinds and should not-be-priced-in (not many should believe or participate in it). It takes more effort today than 10 years ago to pick value stock as markets got more efficient. This effort to pick a quality stock to produce market beating returns is only going to increase either in US or India. I am not talking about bear or bull markets. I am talking in general. Of course, I park money in markets not to miss out on that 15-18% which every other average educated Joe of today in my circle is making. Its just my personal opinion. You have right to disagree. The reason to share my opinion is that I see an younger self of mine in you. The other people over here are too matured and experienced in markets to change their concentration to other fields. Its tough for them. My dad belongs to that category. He is a stock trader since 20 years.
I felt like experimenting on few businesses/field(s) which are uncertain/risky but are in naive stage. The same effort that I keep in markets could yield me better returns. I am talking in that context. I don’t want to talk without much progress to show on my side. But if I succeed I come back one day with a story to share. Give me some time.