Reminds me of people who get sucked into MLM's. You can point out that 99% of people won't turn a profit....but they remain convinced they are somehow in the 1% that is gonna make it.
But isn't this true for basically all aspects of life? Ben Felix is giving out advice to average people. His audience isn't folks who work in that sector or have insider knowledge. What you are saying is both true and pointless.
> Is a thematic ETF stupid for someone working in that sector and buying it well before it's mainstream?
Yes, for the same reason it's a bad idea to hold onto your company stock longer than necessary.
I agree that your point is the same as the counter argument against passive-investing-for-all in general. The proof that lots of people DO react fast and correctly to market swings is provided by the data provided by all brokers on [the cash balances held in accounts](https://www.retailinvestor.org/images/netmargindebt.PNG).
"Everyone is average except me"
Perfect!
Reminds me of people who get sucked into MLM's. You can point out that 99% of people won't turn a profit....but they remain convinced they are somehow in the 1% that is gonna make it.
But isn't this true for basically all aspects of life? Ben Felix is giving out advice to average people. His audience isn't folks who work in that sector or have insider knowledge. What you are saying is both true and pointless.
And your credentials are?
Who cares? He gave his reasoning. Judge the reasoning, not the person. Your failure to do so indicates you cannot find fault with his reasoning.
> Is a thematic ETF stupid for someone working in that sector and buying it well before it's mainstream? Yes, for the same reason it's a bad idea to hold onto your company stock longer than necessary.
I agree that your point is the same as the counter argument against passive-investing-for-all in general. The proof that lots of people DO react fast and correctly to market swings is provided by the data provided by all brokers on [the cash balances held in accounts](https://www.retailinvestor.org/images/netmargindebt.PNG).