Dilbert’s Guide to ETFs

Dilbert’s creator, Scott Adams, mocks active managers and invests in exchange traded funds reports Karen Damato.

Adams mostly uses two ETFs for stock exposure — the SPDR S&P 500 (SPY) and the iShares MSCI Emerging Markets Index fund (EEM).

According to Damato, Mr. Adams discovered ETFs after firing a large wealth manager that had placed a “shockingly” large sum of his portfolio into stocks of companies that turned out not to be real — Enron and Worldcom, for example.

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