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Profit Calculator In The Age Of The ETF January 31 nike air max 2015 for sale , 2014 | Author: Wallace Eddington | Posted in Finance
Exchange-Traded Funds (ETF, for short) achieved a great popularity in the financial world a little over a decade ago, though they were first introduced in the 1990s. They have something of an Index Fund quality to them.


Index Funds were inspired by the thinking of John C. Bogle’s insight that as a general rule fund managers could not usually beat the market: the prevailing assumption about the correct attitude to investing at the time. He noted that once fund managers’ fees are factored in, the end-user, the fund consumer, has no pretty much no hope of beating the market. Believing otherwise, in Bogle’s assessment, was folly.


For those who recall those days, there is an amusing irony in describing the situation in that manner, for this is precisely how those on Wall Street condemned Bolge’s indexed approach: “Bogle’s folly.” Yet, the truth of the matter is that this approach, which resulted in creation of funds that tracked the S&P 500, at minimal-to-no fees, has turned out to have embodied great wisdom.


ETF are an effort to profit from the Index Funds lessons nike air max 2016 womens sale , with the additional benefit that, while the latter were very expensive to trade – the whole point being that constant movement was too costly – ETF can be traded often commission-free. And, since they’re indexed, they are far less expensive in transaction costs than are mutual funds.


Recently, there have been efforts to apply this ETF financial technology to another leading edge technology in the economy: the digital currency Bitcoin. An especially prominent effort in this regard has been the initiative by the Winklevoss twins.