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Well I do not advocate stock picking to beat the market. Just to construct the index tracker yourself instead of paying a fee for someone else to do it.
by im2w1l 12y ago
Well I do not advocate stock picking to beat the market. Just to construct the index tracker yourself instead of paying a fee for someone else to do it.
- kasey_junk 12y agoThat is still phenomenally bad advice. You aren't paying index funds or etfs for their stock picking, heck most of that is in publicly available documents. What you are paying them for is their operational capabilities and economies of scale. I would be amazed if a retail consumer could put together a balanced, diversified portfolio with the same cost as an actively managed fund. To try and compete with an etf or non-managed index fund is crazy.
- n72 12y agoThe expense ratio of VTSAX is .05%. It's ludicrous at that price to do it yourself.