The verdict is in, and it is boring in the most profitable sense of the word. Asked "Trading vs Investing: Which style fits best?", the crowd on Morfi's opinion markets has put "investing" on top at 43% consensus. The market opened less than a day ago. Never has a vote for long-term thinking been delivered so promptly.

Where the crowd stands
  • investing43%
  • trading28%
  • trading and investing28%

"Trading" holds second place at 28% consensus, with the rest of the field, 1 other side, trailing behind. The fine print says the vote reflects taste and fit, not future performance. That disclaimer will be ignored by roughly everyone who reads the scoreboard.

This is a turnaround worth noting. When the desk covered the opening bell in Traders Grab Early Lead as the Trading vs Investing Brawl Kicks Off, the fast-money crowd had the early edge. It turns out the people who buy and hold also buy and hold their opinions, and they simply waited. Day trading enthusiasts will recognise the experience of being early and wrong at the same time.

A relaxed tortoise in a suit reads on a bench while a stressed hare stares at a wall of flickering trading screens.
The tortoise did not check the price once. The hare checked it on your behalf.

The numbers behind the opinion: 28 unique traders put $77,604 behind their views. Some irony is unavoidable in trading your way to a consensus that trading is the lesser style, but markets have never been known for self-awareness. One suspects the index fund faithful placed their stake and then went for a walk.

Verdicts on Morfi are only final until the next person disagrees with money, so readers who believe in the thrill of the intraday chart can still join the market and make their case. Those on the winning side may prefer to do nothing at all, which in fairness is the whole strategy. Compound interest, as ever, declined to comment.

Consensus over time
0%25%50%75%100%11 Oct, 12:0911 Oct, 18:33
  • investing 38.9%
  • trading 30.6%
  • trading and investing 30.5%