“You are paying people one basis point and taking in 275 basis points of revenue… they were self-funding after a relatively short period of time”
♫
Said on Complex Systems with Patrick McKenzie (patio11)
“That fund has a slightly higher fee too. Not that much though. 50 basis point higher, I believe.”
Benjamin Felix · The Rational Reminder Podcast · The Truth About Leveraged ETFs
Play from 18:00
18:00
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What was described
notes that a leveraged mutual fund launched in 1994 had a fee 50 basis points higher than an unleveraged counterpart
50 bps higher fee
Said nearby on the same subject
“She dramatically cut the supply issuance of bonds and notes and flooded the market with bills… the 10-year note… went down to 100 basis points”
♫
Said on Macro Voices
“In 2021, when a lot of people I work with had big exits, cash was paid 30 basis points.”
AK
Adam Katz
Moneywise ·
“Leverage long short tax loss harvesting ... higher fees from the manager, and also a long-short friction ... if you don't believe there's alpha ... probably not worth doing”
VH
Victor Haghani
The Rational Reminder Podcast ·
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