Independent thinking for complex markets and current events
This is the part about index investing that gets overlooked. When you buy SPY or QQQ, you are not choosing individual companies. The fund chooses for you. Because these indexes are weighted by market size, the biggest companies automatically become the biggest holdings. And that creates a strange situation. The more a stock rises, the …
Concentration and risk both maxed out at the same time. Passive equity funds are taking over the market: The three largest S&P 500 ETFs now have a record $2.6 trillion in assets under management (AUM). This represents 17.4% of AUM in all US ETFs and 11.9% of AUM in global ETFs. The S&P 500 ETF, …
Berkshire fire sells big names and piles into cash… Thierry thread exposes index providers waiving profitability and seasoning rules just for this IPO… Thirty trillion in 401k money now mechanically buys at whatever valuation insiders set… Ted chart shows S&P versus M2 hits most overvalued level ever… Passive savers who followed the rules for decades …
Female student killed, 4 others shot at Brownsville pre-prom gathering Story by Karen Bray Davis MEMPHIS, Tenn. — A high school student has died after a shooting at a pre-prom gathering in Brownsville that left four other people injured Friday evening, according to officials. Police said the shooting happened at Webb Banks Passive Park while …
We’ve been promised a future where technology works for us, not the other way around. Cars that earn money while we sleep, fridges that automatically reorder our food, phones that know our heartbeat before we do. It sounds like a dream, right? A world where convenience rules, and every detail of our lives is optimized …
Ted Cruz claims Hillary Clinton committed the same crime for which Democrats are persecuting Donald Trump. He asserts that during the 2016 presidential campaign, Clinton’s campaign paid over $1,000,000 to create the Steele dossier, which contained false allegations against Trump. Cruz argues that if Trump’s actions are considered criminal, then Clinton should also be held …
by LateApostate The Investment Association keeps a pretty good track of it https://www.theia.org/news/press-releases/net-fund-flows-remain-positive-while-fixed-income-funds-turn-outflow#:~:text=Tracker%20funds%20saw%20net%20retail,6%25. Calastone published figures that show that active funds have seen outflows of USD 8.5 billion from retail investors, while passive funds have seen inflows of USD 6.7 billion in the UK. Moving into tracker funds has been boasted as a safe bet …