Excellent Scientific American piece by Michael Shermer (don’t miss his website) on financial, economical and political predictions. Plus a host of interesting data: http://www.scientificamerican.com/article.cfm?id=financial-flimflam
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This is the reason because ETF are the better choice for quite all investors. If we add that ETF fee is smaller …
Michael Shermer’S website is great but do you know cicap’s one (www.cicap.org)? It’s great too … and one of its leader (Polidoro) is born in our country
Sure. Although we should not take that as a golden rule.
The parity between managed funds and ETFs is real only statistically. Locally, in both space and time, you can find managed funds that beat ETFs.
As a general rule, you are more likely to find those in stock markets that aren’t much liquid, large and “transparent”. I.e.: in Wall Street, go for ETFs; in less developed financial geographies, you’ll be better off with selected managed funds.
[I sure know Cicap, it’s cool (although more limited in scope)]