Reply to So, how does one stop being a "wage slave"?

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[quote=Anonymous][quote=Anonymous]no matter how many times it's pointed out to you, you continue to maintain that any schmoe off the street can buy a "basket of dividend paying stocks" and beat the market.

you are wrong, period.  demonstrably wrong.  nearly 100% of the time that someone takes your advice, they will wind up with less money in 30 years than they would have had if they simply invested in an s&p index fund (the stocks in which, by the way, do pay dividends to the owner of said index fund shares). [/quote]

Why?

Why can't  "... any schmoe off the street" in the short term replicate the strategies of index funds while gradually developing the sophistication one needs to amplify their profits when opportunities may arise?

Please stop under estimating the abilities of typical Americans to manage their own finances over the long term. I agree you individually may lack to interest or the intellect to grow generational wealth in the stock market, but your lack of interest or abilities does not apply to others.

Successful investing over a period of several decades is not rocket science. [/quote]

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