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[quote=Anonymous][quote=Anonymous]you are a moron. how is buying a basket of dividend-paying stocks and letting it ride any different from putting your money into an s&p index fund? the main difference is you will probably underperform the market and pay higher fees. [/quote]

Geez Gordon ... Lighten up a bit, I haven't even stepped foot on your sidewalk yet.

When you own a basket of shares in different companies you incur no fees whatsoever beyond your initial purchase of each stock. That will be roughly $7-8 per purchase. After that point there is no fee whatsoever for purchasing additional shares when you are reinvesting your dividends. Theoretically, if you made no additional purchases or sales you could live into infinity without paying another dime for your investments. Whereas mutual funds charge an annual service charge.

More importantly however is the fact it's not difficult to create wealth for one's family in the stock market. But, if you only have mutual funds you'll never understand the stock market and because you are not engaged you'll never see opportunities when they present themselves. I'm not telling anyone that they'll become masters of the universe overnight, but in time you'll become pretty good at spotting profitable opportunities.

I do offer a couple warning. Never day trade unless you are very smart and never let anyone else manage your money. No one cares more about your money and your family than you do yourself. [/quote]

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