Why ETF "Herd Investors" Will Always Get Burned

Just when I suspect one of America's greatest investors might be digging through my mail... I become convinced he's doing it. Howard Marks of Oaktree Capital lambasted index investing in his latest investor letter. In this, we're 1,000% agreed: Indexing is a silly, dangerous waste of time (unless you want sub-3% returns... minus fees). An eagle eye for warding off popular con games like indexing is just one of the reasons Marks is worth about $1.9 billion. Clearly, he knows a thing or two about grabbing unreasonably high returns. He warned his readers about another return-sapping scheme out there on Wall Street. It's one I've compared to buying a "ticket on the Hindenburg" and thinking you signed up for a walking tour of the Chicago Botanic Garden. This is worth a second look - because Marks is actually pointing us toward a much, much more profitable way to invest. It's an approach I've mastered and profited immensely with for years - and so can you... Tags: ETFs Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why ETF "Herd Investors" Will Always Get Burned appeared first on Money Morning - We Make Investing Profitable .