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If You Buy The “ETF ETF,” You’ve Gone Full Retard – Here’s Why
I've written a more polite version of this elsewhere, but I think it deserves to be given the unfiltered treatment here at HR.
More than a dozen readers have written in asking for my opinion on something called "The ETF Industry Exposure & Financial Services ETF," ticker: TETF.
Basically, this is an ETF that tracks an index comprised of names that are assumed to be the beneficiaries of the rampant proliferation of exchange traded products.
I'm not going to mince words. You'd have to be a
Maybe it’s not your cup of tea, but you have to salute the increasingly recursive and self-referential nature of life in the ETF bubble.
Somebody should should start an ETF that holds shares of all other ETFs starting with the letter A, then with B, then with C, etc., etc. (Alphabetical indices, you could call them.)
Then, once that’s all set up, they could start an ETF that holds shares in all ETFs that track alphabetical indices of other ETFs.
Reiterate as often as desired.
oh they will
As long as it’s safer than Bitcoin and I can buy shares on my Robinhood