[pologuy64]

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What's the rationale for having both index funds and individual stocks? Either you expect your picks to beat the market or you don't. I see no strong reason for straddling the fence. Reduction of risk isn't a good argument in this case. Do you see why?

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I don't see why. And i do think that straddling the fence is a great way to lower risk. I might not be able to handle 100% ind. stocks but if i can do 30% ind and 70% funds with the reasoning of trying to out preform with the 30%. This is alot safer then 100% ind. if u know u cant handle 100%. Bacailly im looking for a reason why it doesnt reduce risk.