There are a lot of internet spruikers telling people to just invest in the S&P index as an investment philosophy for life. They also claim there is no need to check things as well but just set and forget a % of your wages.
They make no mention of checking if stocks are high price relative to long term norms. They never mention that if everyone dies this then the end result will be overpriced stocks relative to other investment opportunities. They never mention that decades of flat or falling returns are possible. They make no mention of risk assessment in the latter years as retirement closes in. They never mention that the graphs they show are an illusion given the S&P and indexes like it remove the dogs and put in new winners so the return shown is incorrect.
Perhaps their intended audience can't cope with the vagaries over time and don't want to give it their attention anyway, but such thinking can make hundreds of thousands difference to their retirement outlook.
