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I think it much depends on your personal situation. As an older guy I run a dividend strategy - I intend to generate some cash flow to supplement my income.
My portfolio is based on $TDIV and $WINC to take care of that together with some individual stocks which offer high dividend yields and/or strong dividend growth.

For a younger person the index strategy might be better. For my kids I just set up a monthly investment plan on $VALLD - a world ETF with a very wide coverage and very low fees.
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@NichtRelevant Thanks for sharing your perspective. $VALLD certainly looks interesting.