Does MM like Index funds?
Hi James, I’m keen to work myself into a position in the future where I don’t have to keep such a close eye on the market and having looked at and invested in some managed funds it seems to me I would have done much better if I had invested instead in an ETF of one or all of the S&P 500, the Nasdaq and ASX200 indices. I appreciate that the last two years have been unique and that right now wouldn’t necessarily be the best time to put all of one’s funds into any of these, though it is easy to exit from them at any time given the liquidity of the ETFs, which adds to their appeal. I hope I am not putting you in a difficult position by asking you about this given that you are a fund manager yourself, however I would welcome your thoughts on the subject. By the way if I did put all my money into index funds I would continue to subscribe to your newsletter for your guidance as to the bigger picture as I’ve been impressed at how well you have called it in the last couple of years since I have been a subscriber including during this recent downturn. Looking forward to your response,