### Comment:
If he can consistently make 20% annual return on investment that would be fairly impressive.  Most people can't beat an index fund and 90% of those who try investing/trading lose money.

### REPLY:
There’s a difference between investing and trading.  
  
 Have fun making money in the soon to come bear market where all your gains are erased.  
  
 Meanwhile, even if a trader is only getting 5% return, they are still generating cash no matter what the market is going, that they can then invest in index funds.

### END.