Came here to say this, but probably less concisely; I'll also add that index funds are no different then a fund buying a 'basket' of stocks, except that it's a

Came here to say this, but probably less concisely; I'll also add that index funds are no different then a fund buying a 'basket' of stocks, except that it's accessible to the average investor. 'Ma can't buy & rebalance the S&P 500, but buying SPY ain't a bad way to do it [not that I'd be doing that today].