Quote:
Originally Posted by bimmer456
I don't like having to pay anyone to manage anything. I just own stock and manage it myself. Costs me nothing and I even get dividends to reinvest or cash out.
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Investing yourself is great if you can do it properly, most people cannot, which is the appeal of index funds.
Index fund expense ratios are extremely low nowadays. For example Fidelity's S&P 500 index fund FXAIX is 0.015% ER, which equates to $0.15/$1000. They even offer a zero cost index fund FZROX. These funds also offer dividends in which you can reinvest or cash out.