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[quote=Anonymous]There is nothing foolish about buying a basket of 30 different dividend yielding stocks reinvesting the dividends and benefiting from compounding over a period of years. People can and do become wealthy via the stock market. However there are a great many variables involved. Far too many to learn by reading a book or taking a weekend seminar.

You start slowly buying shares in well established companies which pay you a dividend to own them. Gradually as time passes your interest and knowledge will expand. As these things occur you'll be able to spot opportunities to increase your wealth by multiples greater than that of index funds.

Index funds themselves are just baskets of stocks. However, by owning stocks yourself you are educating yourself the same way Warren Buffett educated himself about the market and today he is worth more than $40 billion. Buffett started out at Wilson High School delivering newspapers along Wisconsin Avenue and today he is worth $40 billion.

Sure Buffett is smart, but he's not a walking talking algorithm. Over a period of time using his natural instincts and curiosties with trial and error he became a multi-billionaire.

Will you or I be as successful as Buffett - probably not. However, if we invest in a index fund we will never generate the kind of generational wealth where neither we or our descendants will ever have to worry about money ever again. [/quote]

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