Re: Stock market thread.
Originally Posted by
forumname
This is akin to saying a person is smarter than a computer. Are you sure about that? Not to say your method is wrong, but have you tracked your earnings/losses against the indexes that these ETF's are designed to mimic? If you can beat the market, great. But be careful when advising newbies to try to play too.
For the record, I'm not talking about obscure ETF's, but general index followers like VXC, VCN, VUN, etc...
Actually I'm not really saying a person is smarter than a computer... but a Person can make better decisions...
What I was actually referring to is an ETF with strict rules and settings carried out by a computer (of course there is still a fund manager who's name is attached and directs the companies within the fund and settings to what the computer works with), this is 'inactive' management and is usually the reason we have big down days, because computers react to what the settings its given and many funds operating like this can cause a large down as they do a 'sell all' when limits are hit.
If I was to go into an ETF, I'd want an Active manager, one who can react to buy when an opportunity arises and could think on his feet when computerized trading or portfolio re-balancing starts...
My advise was not to stay away from ETFs, but do your research on how they are done, and by who... The information is out there, seek it.
But my own preference is that I do my own managing, I'm no expert by any means, but I can only blame me for bad decisions and feel good when I make right ones. For the most part I'm not trying to beat the market, I'm just servicing my needs as I feel necessary. I will not say this is for everyone or most...
Current Roster:
F: H Sedin, Plekanec, Perry, Cammalleri, Oshie, Stepan, Anisimov, Kunitz, Justin Williams, Little, Baertchi, Huberdeau, Eberle, Rattie, Hoffman, Holland, Horvat, Dano, Dal Colle, Kerdiles
D: Boumeester, Green, Carlson, Del Zotto, Myers, Alzner, M Staal, Pouliot, Gormley, Mueller
G: Varlamov, Mrazek, Niemi, Vasilevski, Ramo, Hellebuyck