Quote:
Originally Posted by Shazam
Well, I'm not retiring in the next ten years, and not even in 25, so yeah, I'd say it's a fair measure.
If you assert that it's all about savings (and I agree, it is), then it shouldn't make too much difference whether someone invests in ETFs then?
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Right; except that the transactions costs are too high on ETFs, and you'd be giving away money. That isn't exactly conducive to a nice retirment either!
I just think that the proprietors of ETFs in general have been arguing that the fees are too high in funds (and they may be right in some cases), with an obviously vested interest.
The 25 years is only a fair measure for you if you actually intend to hold the investment for that period of time btw. Many ETFs these days are held for about 3 days (or something foolish). I don't think that one year is an investment period, nevermind something less than a week. I have no idea how you make money when it costs you every time you trade and you're buying and selling at that pace...unless of course you're the brokerage.