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Good. Financial grift needs to end. Passive investment has become slightly too passive. S&P saved us. We weren't so lucky when they were rating bonds before the
by blobbers 4mo ago
Good. Financial grift needs to end. Passive investment has become slightly too passive. S&P saved us. We weren't so lucky when they were rating bonds before the GFC. Glad they seem to have grown some ethics and are not bending the knee to the rocketman.
- trumpdong 4mo agoAs a rule, no one in the financial industry has ethics. They're doing this because they think it'll be more profitable.
- groundzeros2015 4mo agoOf course. And maintaining public trust in the quality of their top brand ETF is a good way to make money.
- blobbers 4mo agoI'm not sure if I trust the S&P 500. There are much better ways to build indices than the one they've built. People speak about "diversification" without truly understanding why they're diversifying or what the covariance of their portfolio is, and then just cite statistics about how "on average". It's a lot harder to walk the walk when your entire portfolio has been underwater for 7 years without sign of coming back; loose money has prevented that but the grifts are starting to get to the end of their strings.