> Despite the pandemic and everything else going on, there was no market crisis last year. Quite the opposite in fact. It was basically impossible to lose money, no matter what you invested in.
coughs in Wirecard, anything related to tourism, and Melvin Capital / Citadel
Jokes about fraud empires and short squeezes aside - the fact that the stock markets have prospered despite many millions of people losing whatever tiny remaining savings they had, their homes, their freedom, their jobs, their health and in way too many cases their lives is disturbing in itself. A market that decoupled from reality is dangerous.
> In an era where you can buy pretty much any security for free with a few clicks, their standard 2% of assets/20% of profits annual fee structure is absurd.
There is no such things as "buying securities for free". As a retail investor you're still paying something: your data, to offer hedge funds a way to front run your orders and to make them profits.
coughs in Wirecard, anything related to tourism, and Melvin Capital / Citadel
Jokes about fraud empires and short squeezes aside - the fact that the stock markets have prospered despite many millions of people losing whatever tiny remaining savings they had, their homes, their freedom, their jobs, their health and in way too many cases their lives is disturbing in itself. A market that decoupled from reality is dangerous.
> In an era where you can buy pretty much any security for free with a few clicks, their standard 2% of assets/20% of profits annual fee structure is absurd.
There is no such things as "buying securities for free". As a retail investor you're still paying something: your data, to offer hedge funds a way to front run your orders and to make them profits.