Can you guys think of any other strategies to cut stock market investment costs besides index funds? Right now, i'm not that concerned about it since i'm young and i dont have a sizable portion in my actively managed funds. However, once i pass, say, the 100K mark, i'll probably start looking a little closer at what i'm paying for their services.
Naturallly, i had in mind just buying individual stocks when I had enough capital to buy 8-10 stocks. As for what to pick, what do you guys think about just checking a popular mutual fund's current holdings and buying their top 10? (then switching when he/she does). Granted you wont switch the moment he/she does, but would that exact timing really make that much of a difference. What are some other ideas for selecting a portfolio of individuals stocks for someone who doesnt want to put too much time into it? Again, the main objective here would be to cut out the 1% management fee, but avoid the "trained monkey" of index funds.
Naturallly, i had in mind just buying individual stocks when I had enough capital to buy 8-10 stocks. As for what to pick, what do you guys think about just checking a popular mutual fund's current holdings and buying their top 10? (then switching when he/she does). Granted you wont switch the moment he/she does, but would that exact timing really make that much of a difference. What are some other ideas for selecting a portfolio of individuals stocks for someone who doesnt want to put too much time into it? Again, the main objective here would be to cut out the 1% management fee, but avoid the "trained monkey" of index funds.