ETF Anniversary
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ETF Anniversary

This week marks two anniversaries of significance for me. Thirty years ago this week, the first exchange-traded fund (ETF) had its initial public offering (IPO). I bought shares in my own account on the IPO of the Standard and Poors Depository Receipt (SPDR), which tracks the S&P500. I knew it was a game changer.  This…

Why Are ETFs Better Than Mutual Funds?
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Why Are ETFs Better Than Mutual Funds?

Rather than count the ways, let’s just discuss one for today – tax efficiency. Traditional Mutual Funds Traditional mutual funds, like those from Fidelity, Putnam, or any other fund company, have a particular type of accounting that results in tax inefficiencies for investors. Accounting rules for these open-ended mutual funds force all fund shareholders to…

Disingenuous ETF Arguments

Disingenuous ETF Arguments

Any routine reader of this blog will know I’m a fan of Exchange Traded Funds (ETFs). ETFs are fast becoming the world’s most popular investment product. The king’s crown of most popular product still belongs to active mutual funds, but ETFs are on pace to dethrone them. With rare exception, ETFs are far cheaper to…

Power on, ETFs!

Power on, ETFs!

Many articles are starting to surface acknowledging and critiquing the groundswell movement to passive investment strategies and near-wholesale movement to Exchange Traded Fund (ETF) investing. Several of these articles take the position that this portends doom of one type or another. For the reader’s edification, passive strategies are generally mutual fund or managed account investment…

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