Texas Pacific Land Corporation (TPL)

[fung_derf]

I think Buffett has always wanted to help the average person when it comes to investing. Using a low-cost index fund is cheaper than paying a broker an asset management fee.

This is one of my very large pet peeves. The government is pushing for using management fee over transaction fee based accounts. So these so called "CFP's" like Fisher Investments tout they make money when you do....This is stupid and merely an advertising effort. Recently I called them (and now can't get them to leave me alone). I asked them what I get for a half million....Basically, nothing special at all. In fact they will probably underperform.
The government wants to do away with brokerages and single stock buying. They want everyone in an ETF based on an index. It would be so much easier for them to control the market in this way.....In the meantime, companies like Fisher want to charge me 1%+ on my entire portfolio, even though the muni bonds would just be sitting there until maturity.
With the government pushing for management fee, this came with the caveat that they want to see MORE trading, so that brokerages aren't just parking the money and forgetting it. The very opposite strategy of what intelligent investors have been doing for decades.
In my opinion, for my mutual fund money, I can buy an index, which HAS to buy certain stocks AND sell these stocks if they are removed from the index, but not until.....or I can pay American Funds to typically outperform the index with a much lower Beta and fees almost as low.....but they can make decisions.....just as I can with my individual stocks.
I' m at an advantage to most, I have time to follow the market every day, and I have some common sense left. I also diversify