Actually, you did. The RFS was to teach people about investing, not stock picking. You've got an axe to grind and you're lying about what other people have sa

Actually, you did. The RFS was to teach people about investing, not stock picking. You've got an axe to grind and you're lying about what other people have said in order to grind your axe. The idea that passive investors beat active investors is nonsense. You cannot prove it, nor does your reference even address the issue. It is a claim wholly unsupported, and if you will think about it objectively, you'll find you cannot prove it without getting all investor to give up their entire trading history, and then evaluating them over the course of that history. Nobody has access to that information so they publish spurious nonsense in order to talk people into investing in their funds. Your statements about the fees charged by mutual funds is inaccurate. %2 is appropriate, and in some cases it is %2.50 or %2.75. Which, according to your own link, means that over some period of time %90 of the money goes into fees. You have heard a little bit about investing and think you know what you're talking about, but you're repeating the propaganda of people who were trying to sell you something. I suggest that if you will go out and educate yourself, you will find that these people were trying to rip you off. In fact, your statements in this thread are proof positive that the RFS was right-- so many people are completely ignorant of investing-- even what investing "is". (you keep calling it "stock picking" as if that phrase was relevant.) But I know you won't, I know you're emotionally invested in this ideology, because it likely dovetails with your political ideology (liberal, right? think people should be forced to invest in social security, which will never return even %1 of the money they give up, because its "dangerous" to let them invest that money themselves, right? If you're not a liberal, at least this shows the motivation for people spreading the idea that stocks are complicated and that teaching people about investment is dangerous.) But, at the end of the day, having so many people completely giving up on investing simply means there's less competition for the outstanding deals out there, and the market is even more inefficient, which leaves me with more opportunities to profit. So, for that, I thank you. I've learned that, you cannot talk to people about investing-- for many of them it is like a religion. So you are free to have the last word. If people are foolish enough to believe you, then its their responsibility, not mine. I've proven you wrong, that you won't accept it is on you, not me. So, go to town.