> I read a really interesting thread recently, can't find it but the gist of it was Index Funds appreciating isn't guaranteed (as they're pitched) and localizin

> I read a really interesting thread recently, can't find it but the gist of it was Index Funds appreciating isn't guaranteed (as they're pitched) and localizing at a country level is a mistake for the future w/giant "emerging" economies in China / India. China has supposedly grown up to 10% GDP year on year and yet returns on China ETFs were terrible. The expectation of growth has been priced in long ago - possibly more growth than will actually take place. Plus, how would you know what the Chinese are up to? Do you speak Chinese? Are you going to follow Chinese news? If you're in the US, you get a much better impression of what's going on in the S&P500. Like, when your president is Donald Trump and he tells you to "buy the dip", you know it's time to reduce your exposure.