Archives for July 2018

July 2018 - Page 11 of 18 - Money Morning - Only the News You Can Profit From

Why ETF "Herd Investors" Will Always Get Burned

Just when I suspect one of America's greatest investors might be digging through my mail… I become convinced he's doing it.

Howard Marks of Oaktree Capital lambasted index investing in his latest investor letter. In this, we're 1,000% agreed: Indexing is a silly, dangerous waste of time (unless you want sub-3% returns… minus fees).

An eagle eye for warding off popular con games like indexing is just one of the reasons Marks is worth about $1.9 billion. Clearly, he knows a thing or two about grabbing unreasonably high returns.

He warned his readers about another return-sapping scheme out there on Wall Street.

It's one I've compared to buying a "ticket on the Hindenburg" and thinking you signed up for a walking tour of the Chicago Botanic Garden.

This is worth a second look – because Marks is actually pointing us toward a much, much more profitable way to invest.

It's an approach I've mastered and profited immensely with for years - and so can you...