ride the indexes if you want to get rich, if you want to get wealthy absolutely not. no wealthy person is index investor. the number 1 rule of investing is that you should know what you are investing in and no one sane knows everything about all the companies in a given index fund. so while conventional wisdom is ride the indexes, if you care about your money and are willing to put the necessary time in for research index funds should be the last thing you invest in.
This works, only after you have enough money to be able to spend all the time on that research. So, until debt free & net-worth $5M USD: low fee indexes.
I would agree except there is a lot of time most people waste that could be put to better use. yeeears ago I freed up about 4hrs/day but removing all social media apps from my phone and logging off for good. spending 60-90 per day is something most people should be able to allocate by cutting that same time from infinitely less important things than your investments