I have reached my breaking point of reading anxiety laced stories about the Pandemic so this week we will focus on the positives. The Pandemic has been a great stress test for our personal and professional lives. We aren’t personal coaches but we will examine what we have learned professionally. When we take this perspective we hope you feel like you can hit the jackpot too.
The industry and Burford Brothers have accepted that active management was not the best approach. The new solution to this reality were Exchange Traded Funds (ETF) or funds that replicated the major indexes passively, but didn’t charge high fees. This approach was adopted by most investors. The pandemic scared ETF investors who wanted out. The impact was similar to a person yelling fire in a crowed theater. Hopefully we didn’t loose too much money and we will examine the risks beyond lower fees. Seems like a jackpot for most aware investors.
We can learn from difficult experiences. Please put your coin in the Pandemic slot machine.