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The Importance of Lifestyle Diversification
I think there is no viable reason why you would expect any individual state to have a pattern of returns that is exploitable in any way. Most investors are already going to own these companies anyways if they own brand-based ETFs. And then, unless you have a real sense of state patriotism or you're forced as a pension to invest in something like this, just think about like if you're an advisor in New York,. Are you really going to tell your clients, hey, I love New York, we all live here, but we're going to invest your money in Texas? That just seems like a tough sell to me, especially if you don't have a. Well, that