We have reached peak ETF. I am not sure what it means, but it’s a disgusting place to be.
The robo’s are fighting each other to the death.
There is an ETF for each minute of the day.
Not one millennial can name 20 American Companies on the Russell 2000.
Today, legendary money losing investor Kevin O’Leary has launched an ETF, called …’I could give a shit’.
This awesome investor Kevin O’Leary. Love this part:
The fate of the Stanton International Equity and the Stanton Diversified Strategies funds, which has not been widely reported, may come as a surprise to investors in O’Leary Funds. Stanton’s Diversified Strategies Fund blew up in late 2008, with massive losses amplified by the fund’s use of leverage. Investors who had bought in 2007 or 2008 lost up to 70% of their money, according to a broker who put clients into the fund. Documents obtained by Report on Business magazine show that redemptions were suspended in January, 2009.
Kevin is all aglow on Twitter and Periscope because I guess the SEC and FINRA only cares about non television stars and approving quadruple leveraged small cap Chinese share ETF’s.
I would hope Vanguard, Schwab, Betterment and Wealthfront would spend dome of the huge dollars they use slamming each other to questioning the overall industry.