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> while using an app to cut out the costs of pricey brokers and Wall Street offices. Unless they have DMA themselves, alongside their own order/execution platf
by Ntrails 8y ago
> while using an app to cut out the costs of pricey brokers and Wall Street offices.
Unless they have DMA themselves, alongside their own order/execution platform, I would suspect that a broker still exists who may well be in a wall street office? And god damn if you think 1% is "cheap" for this (not-very) smart beta strategy you need your head examined
Please don't stock pick based on what some app tells you some other people in finance have probably stock picked.
If you believe in active management. Pay an active manager. If you believe in passive investing, buy an index. If you believe in smart beta, pay a little bit more for a properly defined strategy which fits your world view. This is none of those things.
[Past Performance Is No Guarentee Of Future Success]