Wall Street Secret #714: Why Active Investing Underperforms
Money Tree Investing
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The Rise of Active ETFs
There are now more stock indexes than there are stocks in the world. An ETF was supposed to be low cost, diversified and transparent. Now it's not low cost anymore. They'll charge the same fees that they would if it was a mutual fund. The tax efficiency comes from the fact that you can take an index or a basket of stocks and trade it for one that tracks that basket of stocks.
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