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<p>[QUOTE=&quot;fatima, post: 1442519, member: 22143&quot;]Dear Heart, have you not taken the time to read the Vanguard or Fidelity material and understand it in the way that anyone buying one of their funds should?&nbsp; Well, here is the part that you requested.&nbsp; (from Vanguard)</p><p><br /></p><p><br /></p><blockquote><p><i><b>&quot;...past performance, which is not a guarantee of future results...&quot;</b></i></p></blockquote><p><br /></p><p><br /></p><p>This is printed on every prospectus they have.&nbsp; So to think that you can just dump money at a regular basis in an index fund, and then you will have a nice return when the day comes where you need to take this money out, is nothing but wishful thinking.&nbsp;&nbsp; Putting money in an index, without doing the research on what drives the index, is foolish at best and it has burned plenty of people who have taken this approach.&nbsp;&nbsp; It takes the same amount of work, if not more, than purchasing individual stocks.&nbsp;&nbsp; The S&amp;P 500 went no where for 12 years and has produced mediocre returns over this period.&nbsp; Anyone taking the index approach over the average 30 year lifetime of work, lost more than a decade&#039;s worth of returns if they took the passive investing approach.&nbsp;&nbsp; If they are retiring now, then too bad for them.&nbsp; Even worse, the index is now propped up by central bank intervention.&nbsp; Anyone thinking this will last indefinitely is also setting themselves up for lots of disappointment.&nbsp; This is why there is no such thing as &quot;shoot and forget about it&quot; investing, as attractive as this might sound.[/QUOTE]</p><p><br /></p>

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