Agree with this. The indices are tough to beat because they are fundamentally a momentum index that always contain the fastest growing stocks. Also, the top companies have been driving a lot of the return, so if you don’t own those, it gets difficult. Not only are they cheaper on fees and trading costs, but they are also more tax efficient. That said, they are getting more concentrated and own things with no regard for valuation.
Oct 1
at
12:14 PM
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