No-one is writing off ETFs I am a big fan I am just saying that especially the U.S. based ones are still expensive.
" As long as you hold either a broad based ETF or a managed fund (well managed, mind you) long enough you will make money"
This is true, if you were 100% allocated to QQQ in March 2000 and held for 14 years for example then you were back to making money.
Good luck with that.
Ann: Funds Under Management - April 2023, page-101
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