[skippyboxedhero]

One of the mistakes that people make is not understanding that people tend towards solutions that are sold as "counter-intuitive" or "smart" because they are largely unable to independent decisions. And financial markets will respond and move in the direction of maximum pain (governments can pump trillions into the market to support them but, eventually, as has happened in Europe and now the US...they run out of taxpayer's money because this destroys productivity). Easy decisions don't exist.

ETFs are a better technology (marginally, they don't solve the issues of open-end funds) but they are primarily a psychological product, not a financial one.