These days everybody loves exchange-traded funds. Investors are pouring billions into low-cost ETFs that track various stock, bond and other asset class indexes. Money manager friends of mine sigh and say itâ??s impossible to earn a buck running a portfolio these days, because ETFs let people do it so cheaply.
And thereâ??s a lot to be said for ETFs, including low costs, easy trading, and access to a huge array of different investment opportunities. If you fancy investing in crisis-stricken Freedonia, or you want to buy a basket of gold, platinum and silver in one easy trade, thereâ??s an ETF out there for you.
But what if you could do better than ETFs â?? and for even less money?
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