ETFs are the Devils Work

in Financial Apocalypse, Random Thoughts, Stock Market

OK, I am tired it’s been a long week at work, and for some odd reason there is a theme in my random thoughts postings and it has to do with Exchange Traded Fund (ETFs), and I do like a nice title.  These cheap(er) versions of mutual funds or Index Funds have been getting a lot of press lately in the legitimate press and in the great financial blogosphere as well.

ETFs Are Evil

OK, I couldn’t resist again, I do actually own a few ETFs, if anyone is interested:

  • The Canadian Capitalist continues the blasphemous commentary in his Top 5 Investment Deals where he mentions the Devil’s Spawn the ETF again!
  • The Larry MacDonald another Financial Infidel speaks of these unholy investment vehicles in Mutual funds vs. ETFs, may he burn in hell for his sins against the Financial Industry!
  • Then another Financial Demon Preet at WhereDoesAllMyMoneyGo has the audacity to write Hate Mail to the Mutual Fund Dealers Association, UNCLEAN I declare him (financially speaking).
  • Michael James (known Financial Goblin) then asks the excellent question Why Do Economists Use a Bell Curve if it Doesn’t Apply? I always liked double bell curves, but then again, I also liked Poisson distributions as well.
  • Rob Carrick had some excellent advice for Parents of kids going off to University who might live off campus, Get Renters Insurance, or risk the consequences (think of a kiddie pool full of half melted ice being turned over in your son’s 8th floor apartment, do you want to pay for that? EVIL!).

Long weekend ahead folks and I plan on enjoying it, so don’t look for any new posts until Tuesday.

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  • Michael James September 4, 2009, 8:00 AM

    Thanks for the mention. Enjoy the long weekend!

    Reply

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