Please don’t get me wrong. I agree that not everyone is suited to buying individual stocks, and totally agree that for safety, an index fund is a great product. In fact, I’m buying 2 index funds as Bar Mitzvah presents for my eldest twin grandsons.
My only point was that, like all advice, any blanket statement is subject to the proviso “In my opinion.......”.
I’ve had a number of breathtaking losses in individual stocks, and some stunning successes. But, I’m semi retired, and I find the pursuit of a greater nest egg for my older age a technical challenge.
l also am not advocating that “individual stocks are the only way”. It’s just that looking at the holdings of index funds, and seeing how they perform is just as daunting a task as picking stocks. Both require a lot of effort, unless you have a financial advisor, in which case the fee structure rears it’s ugly head.
Whatever the choice, it’s yours.
Young enough to remember doing it;
Old enough to wish I could do it again.