--- William Dickens <[EMAIL PROTECTED]> wrote: > There is another reason howevr. Even the lowest cost index mutual funds > have more overhead then you are going to have if you use a discount broker > and buy and hold ...
But it is not wise to just buy and hold. Firms can decline and collapse, as we have observed, and stocks need to be closely watched. In contrast, index funds can be held passively, and one only needs to rebalance occasionally. Individual stocks will need to be sold occasionally, and replaced, which costs fees, aside from the monitoring costs. Even indexes replace firms from time to time. Fred Foldvary ===== [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? Yahoo! Autos - Get free new car price quotes http://autos.yahoo.com
