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lmog


Total Posts: 136
Joined: Mar 2010
 
Posted: 2019-09-09 19:21
I've advised all my close friends and family who had any sort of wealth mgmt to put their money in vanguard index funds based on 'no free lunch'-type appeals to reasoning, pointing them to Mr. Money Moustache etc. and ideas like "if the stock and bond markets are cut to half, sure you are in trouble, but so is the rest of the country". etc.

I've seen certain wealth mgmt. operations get sold out to banks presumably because customers are getting wiser this way.

Michael Burry has been making some noise around the idea of an index fund ETF "bubble":

https://www.bloomberg.com/news/articles/2019-08-28/the-big-short-s-michael-burry-sees-a-bubble-in-passive-investing?srnd=premiumm

Different articles describe the above one differently, but I think he is just saying that there might be opportunities in small cap (sure, there might) and it really looks like this is plain old advertising for his fund?

This just got me to think critically about if index fund investing will *always* be good advice. I am not sure what happens in the limit where most of the public is in index funds....just that small concentrated piles of money have the ability to control more easily?


lmog


Total Posts: 136
Joined: Mar 2010
 
Posted: 2019-09-10 23:44
Gah, didn't see thread above.
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