Hi! I have a Msc in finance and a CFA. I've worked as a professional quantitative investor, and I've never purchased a single stock for myself!
I had a view similar to yours regarding ETF and average investors until 3 months ago. For many reasons, I decided to become more active on social media in order to increase financial literacy. I was shocked by the amount of marketing the 'middle class' are exposed to. Competition is intense, and giving good financial advice is actually an uphill battle. I consider this environment to be toxic for the average individual.
Is this app perfect? probably not. However, I view this type of initiative as an improvment!
I had a view similar to yours regarding ETF and average investors until 3 months ago. For many reasons, I decided to become more active on social media in order to increase financial literacy. I was shocked by the amount of marketing the 'middle class' are exposed to. Competition is intense, and giving good financial advice is actually an uphill battle. I consider this environment to be toxic for the average individual.
Is this app perfect? probably not. However, I view this type of initiative as an improvment!