TAKE THE MONEY AND RUN 💸 The margins are just too good to pass up! 🤑🤑🤑 Especially when you consider the loyalty of the new wave of investors who dismiss the negative impacts of high fees, who ignore the structural drags on performance, who believe high distributions are more than a feature (they are not) and who ultimately are content paying more fees for lower return. Imaging being able to build an inferior product, sell $32 billion to consumers and be able to cash out $2.3 billion. 👀 Capitalism is alive and well!! I’m thinking of bringing back floppy discs and rotary phones. 🙌 As I’ve said in previous posts/comments - the CEOs of high fee ETFs thank the finfluencers for their marketing efforts and YOU for your loyalty! 🙏 (PS. I’d expect to see more transactions like this to follow as more of these CEOs cash out before the next downturn and before investors wise up. It seems there’s no rush on the last point.) 🤷♂️ $SPYI$QQQI$BTCI$IAUI
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17 Comments
Hostile Door@hostiledoor · 20h
Wow finally the CEO's get compensated with the high fees paid by the CC ETF fanboys and fangirls
Enid Vadeanu@enidv · 18h
Wise post. Wake up people!
Clantosa @clantosa · 8h
Performs worse with leverage added imagine the difference if you apply the same leverage to the base fund 💣
Mr Financial@mr.financial · 15h
2.3 B seems like a crazy valuation! This is a great share to highlight. My napkin math says, 32B AUM, 0.7% management fee (approx) gross Rev is 220 M ... P/S over 10.... Companies like BLK are 5ish... Makes no sense valuation wise 🤔 there must be crazy future expected growth
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