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It's a good point, but what part of ETF trading is a contribution to humanity? Seems like quite the opposite in fact.
by lvs 11y ago
It's a good point, but what part of ETF trading is a contribution to humanity? Seems like quite the opposite in fact.
- eggy 11y agoETFs are a broad topic. They still bring liquidity to market, but they are a trading vs. investment opportunity. Like any other financial vehicle, they are subject to abuse, but are not the cause of such actions. The FED purchases numerous bonds in some of these portfolios, and therefore some of the costs are hidden. These do not reveal themselves in the market, and as such are bad trades or investments.
- digler999 11y agoI wasn't saying that ETF's contribute to humanity, I meant the non-financial research that Ph.D's do prior to wall street. That research adds up and eventually people can apply it to do amazing things.