My friend told me his financial planner refuses to recommend ETFs to clients because they are “risky” and “very new in the investment world.”
I get ETFs have their problems and their popularity is growing extremely fast so the future might be a little unknown, but to my knowledge they were still the best way to go with small beginner accounts.
Are ETFs overhyped, and is it sensible for this financial advisor to not recommend them to anyone?
EDIT: I told him he should download stash and start dollar cost averaging with a small, realistic amount of money each week. Long term ETFs focused on stable growth. Nothing super volatile or worthy of day trading. His planner steered him away from this.
Submitted January 26, 2019 at 01:23AM by banditfrog760 http://bit.ly/2Dz4c51
