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Do you not believe that ETF's should exist?
by SketchySeaBeast 5y ago
Do you not believe that ETF's should exist?
- nicoburns 5y agoI think my belief is closer to: they should exist if people want them to, but the returns (taking into account inflation, taxation, etc) should be negative or very close to zero.
- SketchySeaBeast 5y agoI don't understand. How would you feel if an investor hired someone to manually replicate and maintain a portfolio equivalent S&P 500? Because that's what an ETF that replicated the S&P 500 is doing, complete with management fees, it just works out be cheaper due to volume.
- nicoburns 5y agoExactly the same. I don't feel like investing in companies that are popular with other people (which is what the S&P 500 is) contributes anything to society, so I don't think it should be rewarded.
- SketchySeaBeast 5y agoSo venture capitalism or bust?