It is hard going to the gym. Every time you go, it’s an effort. You get tired and probably ache afterwards. Yet you do it because of the outcomes.
It seems crazy to think of a magic pill you could take to help you remain fit. You get the outcomes but with minimal effort.
In the real world, we know that doesn’t work.
In fact, there is a balance between the effort you put in compared to the output you benefit from. Without that balance, the equation doesn’t work. It is why you cannot delegate getting fit to someone else or take an illusory pill. Someone else cannot do the work for you to get fit. You have to be involved and you have to do it yourself.
Perhaps when you invest, you take a pill that ensures your investments are successful. Sounds like a great idea. Right?
Most people take those pills already. If you allocate your money for future benefits, and if you do not have the time, energy, interest or enthusiasm, you can delegate all these to others. From time to time you can check you are on course and the pill is working.
Yet there is an imbalance.
To ensure you have success, you not only need to pay people to look after your money, but you also need to pay people to make sure they are doing a good job. Without checking, it’s almost impossible to know if the people you are paying are successful or not. And for clarity, whenever you invest, the majority of people get a nominal positive return. Why? Stock markets rise on average over time. Therefore, on average your investments should rise. However, you cannot measure success simply based on your investments going up (that’s expected). You have the measure the difference.
So in truth, the pill you take by employing others to look after your money is only a good pill when your measure success.