Should You Forget Stock Picking and Just Buy This ETF Instead?

A 2025 SPIVA study shows 79% of actively managed large-cap U.S. equity funds underperformed the S&P 500, continuing a decades-long trend. The article argues that individual investors face similar challenges with stock picking and overtrading. The Vanguard S&P 500 ETF (VOO), which recently surpassed $1 trillion in assets, offers a simpler alternative with a 0.03% expense ratio and 13.5% 5-year average annual returns. However, the fund's heavy tech concentration (39%) poses potential risks if interest rates rise.