Re : Few Investors Understand ETFs, Survey Finds
yalanand
10/11/2011 5:04:08 AM
But more investors plan to use ETFs than understand them.
@Noreen, this is really interesting fact. Why are ETFs so popular among investors ? Do you its the ETF returns that are attracting the investors ?
True. Just look at Congress. They have so much paper passing in front of them, they don't even bother reading most legislation now.
@mInvestor
Yes, when the prospectus is so long that people don't read it anymore; it does make things worse.
There is no difference to the investor between a well-written prospectus for a good investment and a bad prospectus written by a thief, if that investor doesn't read it.
In fact, the thief can write all kinds of strong warnings, knowing that his words will only be read after the fraud. If it gets to the courts, these warnings will be read and will make the investor seem more the fool.
Re: More legalese isn't going to help
mInvestor
9/28/2011 10:56:26 PM
PredicatableChaos,
You are right. More documents or consents won't solve the problem. Sometimes they made things even worse.
Re: Atleast somebody can make money in this deal...
Street Smart
9/27/2011 4:04:15 PM
#back2basicz-
Ashish, you are a wise, WISE man! May you know the priceless wealth of a very happy marriage!
Do you find yourself clicking the "I Agree" button a lot? Everytime you buy an airline ticket or use wi-fi at the coffee shop, there is a legal document for you to read. Always seems to be twice as long as it could be.
I used to read everything before I signed. Today, I don't think anybody does.
Somewhere there is a group of lawyers thinking about the problems with ETF's and the solution they'll probably come up with either fills your mailbox or has the "I Agree" button at the end. How do we convince them that more words won't solve this?
Re: At Least somebody can make money in this deal...
back2basicz
9/27/2011 1:19:10 PM
Dex,
I like to look at it from the basis of Personal responsibility.There is nobody else looking out for you.So you might as well do all your research and due diligence yourself.
Because if you do flounder/fail you only have yourself to blame.
Regards
Ashish.
Re: Atleast somebody can make money in this deal...
back2basicz
9/27/2011 1:16:19 PM
StreetSmart,
To this rule you have put forth I would like to add one more rule-The Wife is always right!!!
Regards
Ashish.
Re: Burns' comment
driven
9/27/2011 11:44:28 AM
I agree. I'm not surprised by I am disappointed that so many investors are jumping into ETFs with their eyes wide shut. You would think we had spread the message of "do your homework" far enough now that more investors would listen.
Scott Burns comment is funny. To acknowledge that investing is hard is a fundamental truth that both individuals and institutions try to deny. It's akin to weight loss: there is no easy way to your goal.
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