A couple of things:
Nobody can say etfs are the way to go, there’s 1000’s of etfs, some are good, some are dogs. Just like index funds, stocks, some are great, some are good, and others are dogs.
As for how people make money, it’s not on just the gains, it’s on your whole portfolio. For example: Fisher investments wants almost $60,000 up front fees to manage my money with no guarantees if they can do better than what I can do. 10 years they would get 1/2 a million dollars.
Also, 6% is a very low return. Put your money in a money market to get 5.3% and it’s safe. I had a couple index funds that I was getting over 35% and some stocks that doubled in a little over 6 months, with no cost except the .02-.04% fund fees.
For me, the only benefit of an etf is that you can trade them like stocks, no waiting period to settle or buy. I had a couple of etfs that were making in the high 20’s%.
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