I do own stock, etf's, and specific mutual funds. My one issue with etf's is that the largest holdings held in those products don't give you balanced exposure to all of the securities in that index. The way I have my portfolio is split 30% stock, 30% etf's, 30% mutual funds, 10% cash. I'm happy with my exposure and my yearly costs average just about .8% all fees combined. I do buy and hold and my average return has been about 9%/year. I'm happy with that and I know the consistency and patience will serve me best. Great conversation though love the comments.