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> Another is that picking stocks is a time-consuming process Just buy them all. Or pick them randomly. Let me remind you that this thread started with an art
by grondilu 10y ago
> Another is that picking stocks is a time-consuming process
Just buy them all. Or pick them randomly. Let me remind you that this thread started with an article about the guy who wrote about the blindfolded monkeys.
- aianus 10y agoIt would cost $2500 in fees for me to buy a single share of every stock in the S&P500. Compared with $0 + some negligible MER to buy an ETF with the same money.
- bunderbunder 10y agoMy guess is that he was being hyperbolic. But even if he weren't, you can still get something that has the same expected return over time as picking individual stocks at random for a much lower up-front price by choosing a total stock market ETF. Remember that he was writing that comment at a time when the latter option didn't exist.