User 219937

Morningstar: ETFs Will Never Replace Mutuals

Brilliant assessment, Murray.

I believe that many advisors still harbor fears, wondering if ETFs are a gimmick or threat. Is advisor money moving into commodities & narrow sectors in a big way? No, these professionals and their clients are only just awakening. Older advisors are still wary of commodities, after a 20 year bear market. Those already invested are vanguardist, ahead of the learning curve. MStar is not.

Remember always, the great pool of retirement money is CONSERVATIVE. Anticipate fund companies fearmongering against the competition in subtle ways, too. Their long term lifecycle products (75/25) are down -14.4% YTD (on avg), but the 401k suckers will stay married to lackluster & losing investments for only so long.

It's business as usual... until its not LOL.