Why I use ETF's update
It has not been a good six months for our leading mutual funds.
At this time modeling manager risk is more difficult than individual securities and as you can plainly see, manager risk can be extensive. With systematic and unsystematic risk, we were able to diversify away the unsystematic risk of an individual security by owning more than 30 stocks in our portfolio. I wonder if we need to own 30 different managers per asset class to diversify away manager risk?
My clients benefit by owning ETF's. Don't you think your money should be with someone who looks out for the client and not the mutual fund industry? Improve your performance, cut your fees and enjoy more of the fruits of your money's labor and call Fluetsch Financial Services, LLC and get a jump on the competition.
At this time modeling manager risk is more difficult than individual securities and as you can plainly see, manager risk can be extensive. With systematic and unsystematic risk, we were able to diversify away the unsystematic risk of an individual security by owning more than 30 stocks in our portfolio. I wonder if we need to own 30 different managers per asset class to diversify away manager risk?
My clients benefit by owning ETF's. Don't you think your money should be with someone who looks out for the client and not the mutual fund industry? Improve your performance, cut your fees and enjoy more of the fruits of your money's labor and call Fluetsch Financial Services, LLC and get a jump on the competition.
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