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A comment on A Professor Who Was Right About Index Funds All Along. Parent comment

Re:A Professor Who Was Right About Index Funds All Along by grondilu on Saturday October 22, 2016 @10:19AM (#12768774)
> Another is that picking stocks is a time-consuming process

Just buy them all. Or pick them randomly. Let me remind you that this thread started with an article about the guy who wrote about the blindfolded monkeys.

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Re:A Professor Who Was Right About Index Funds All Along by aianus on Saturday October 22, 2016 @10:44AM (#12768862)
It would cost $2500 in fees for me to buy a single share of every stock in the S&P500. Compared with $0 + some negligible MER to buy an ETF with the same money.
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Re:A Professor Who Was Right About Index Funds All Along by chuymax on Saturday October 22, 2016 @12:21PM (#12769281)
If you want to buy every stock in the S&P500, any reason not to use Robin Hood with their $0 transaction fee?
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Re:A Professor Who Was Right About Index Funds All Along by aianus on Saturday October 22, 2016 @02:06PM (#12769787)
It's not available in Canada.
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Re:A Professor Who Was Right About Index Funds All Along by bunderbunder on Saturday October 22, 2016 @11:11AM (#12768972)
My guess is that he was being hyperbolic. But even if he weren't, you can still get something that has the same expected return over time as picking individual stocks at random for a much lower up-front price by choosing a total stock market ETF. Remember that he was writing that comment at a time when the latter option didn't exist.
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