this post was submitted on 02 Aug 2024
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My MSCI World ETF shares lost about 4% in a day. yesterday. Does this have anything to do with this shitshow?
Wasn’t the market down overall yesterday.
Yes, it was. Tech led the downturn yesterday, but Nasdaq was only down like 2%. The "world" stocks (ex-US) are more volatile than the US. In my opinion (and Warren Buffett's), they are not worth investing in as ETFs. Only particular companies. The markets are genuinely worse than in the US.
Warren Buffett invests in particular companies because he can own enough to have influence.
Us mortals should look for broad trackers with low fees.
Doubt it. The ETF holds 1500 large and mid-cap companies across 23 developed countries. It doesn't hold enough Intel shares.