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[quote=Anonymous][quote=Anonymous]okay, so assume someone just buys SPDR shares of, say, vanguard's total stock index or s&p 500 index.  no maintenance fees. how are they better off picking their own "basket" of stocks? (answer: they aren't). [/quote]

They are better off choosing a basket of stocks from the lists provided by "Dividend Achievers and Champions" because they are taking ownership and responsibility for their investment choices. They become tuned into the investment world around them. Through the simple process of owning shares, collecting dividends, reinvesting dividends, differentiating between low and high paying companies, tax implications, growth v. income, contrarian investing and as they move along in their education process over several year the more exotic types of trades.

If you just hand your money over to Vanguard, you'll never learn how to be a CAPITALIST and you'll never be able to teach your children the skills it requires to become independently wealthy.

Hopefully, you now understand my point of view and you will begin telling others you may meet to do the same.

Never let anyone else manage your money!  No one else cares about your money and your family more than you do yourself.

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