re: Northwestern Mutual - Should I?

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you're arguing a point no one has made....the point actually being made is that by simply buying and holding a broad based market index ETF, any investor will outperform the vast, vast majority of 'experts' like yourself..this is not an opinion, the is the factual historical record that cannot be disputed.

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This isn't reality, however. If this actually happened, then there wouldn't be investment advisers.

ETA: I should amend that because there will always be people who would rather not worry about these things, and be willing to pay people to manage it. That won't change. There would just be less in the industry.

As I've already said in this thread, people don't pay an adviser to max gains in the good times, they pay them to minimize losses in the bad times.