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Old 12-24-2016, 05:31 PM   #5
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

Well it's really a much more interesting conversation in the sense that plain passive indexing is also a call on the overall market. It's easy to say "just buy the index", but let's pretend that you're in Calgary. Which index? I've written before about the fact that when Sharpe was formulating the buy the index approach he was talking about a global market, and the truth is that is not that simple to replicate. Then you have exposure to bonds (if you want it, and if you should have it), and how best to gain that exposure.

And then there is a factor where you have to consider that these indexes are almost pure momentum plays. So if you want to get into a more thorough discussion, it's more than just "hey this is cheap and I can do it by myself", because there is more to consider.

I could go on...But it's Christmas Eve!
Slava is offline