Why Buy Individual Securities?

The public will continue to buy individual stocks and bonds, though the odds of success will be shown to be better with index mutual funds and ETFs. 

 

And many prefer to invest without wise asset allocation selection which I find is essentially a form of disciplined strategy. 

 

And most overlook the ability to reinvest dividends or interest in such funds, particularly to take advantage of the duration principle.

Perhaps basic financial ignorance has become human nature. Despite proof that managed funds cannot consistently beat indexes; diehards will still attempt to beat indexes, and mostly fail. While disregarding well-thought-out asset allocation and duration principles. (See the Earl J. Weinreb NewsHole® comments.)