bruno12

ETFs Are a Scam? I Don't Think So!

Check the biography for Neil George here on Seeking Alpha. He is the former editor of Personal Finance and currently has a newsletter devoted to dividend paying stocks. In other words he has some serious credentials in the investing business. I think the problem is that as a stock promoter he has a vested interest against the ETF business, since this takes money away from investing in the stocks themselves and therefore limits the number of people who will pay for his advice. Kind of like money that goes into GLD or GDX takes money away from the mining stocks themselves and therefore people don't need to pay for advice about which mining stocks to invest in.