If you ve invested in ETFs over the past few years - you ve probably lost money.
I know it s not news to you, but the simple fact is that most ETFs were never designed to succeed for individual investors - they were designed to do only one thing: line the pockets of the Wall Street big shots with the brilliant idea to sell "easy" investments to Main Street investors.
It s simple to see why: they make between 0.5% and 1.0% regardless of what the ETF does. Just another Wall Street con job.
Good investments are rarely easy, and although ETFs seem like a no-brainer, that s because most of them were specifically designed to appear that way.
Take the United States Natural Gas ETF (NYSE: UNG). Natural gas prices rose 23% from May of 2009 to May of 2010 - but this ETF lost 50% during that same period.
It s a disgrace...
But the same firm also launched the United States Oil ETF (NYSE: USO). It too has failed to measure up to its underlying commodity: