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[quote=Anonymous][quote=Anonymous][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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I care about my money and I've done the research and thinking and concluded that "strategies" like buying dividend stocks and labels like "growth vs income" or "contrarian investing" are just the noise of the financial industry, and that I'm better off investing in broad index funds with expense ratios of .25% or less.  The idea that my kids need to be able evaluate a company's stock to know how to save, invest and accumulate wealth is like suggesting they need to know how to a car engine works to be able to commute to work.  Except the "skills" you keep talking about are not only not helpful for what they really need to do, spending time on those things would probably be unhelpful in the long run.
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Your blurred response suggesting it's a waste of time to teach your children anything is a waste of time in it's self.

To young investors know that financial planners and managers are parasites who will drain the lifeblood of your potential wealth away from you and your descendants during the next 40-50 years of your life. You'll get to retirement age and there will be little more in your account than the actual cash you saved. The reason being is the majority of the cream, the investment growth value will have been siphoned off by your parasitic financial planner/manager during the years when your wealth should have been growing exponentially.

Always remember, no one cares more about your money and your family than you do yourself!

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