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ETFs are "old fashioned crap", good sex in a bear market, "don't f--- it up" & 2 stocks to own for 20 years | 2 Sense with Owen Rask & Drew Meredith

Australian Investors Podcast

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The Importance of Diversification in Investing

Drew McIlroy: Buying the NASDAQ isn't a bad thing. You're buying 100 stocks, so you are somewhat diversified but very exposed to consumer spending and technology. He says there's also diversification across asset classes which is being missed here. But if you're comfortable with that risk, then it's a low cost or semi-low cost - maybe not low cost.

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