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Audio: Stick with the basics, and ETFs work for everyone
John Wasik, co-author of the upcoming book 'iMoney: Profitable Exchange-Traded Fund Strategies for Every Investor,' says that the advent of thousands of new flavors in ETFs does not mean that ordinary consumers should be attracted to the new issues. Instead, Wasick said that the more boring, staid ETFs are bedrock for investors looking for low-cost, tax-efficient investing that will deliver long-term results. Wasik said that investors can build around those core holdings with some other ETF choices, but said that typical investors will want to avoid the leveraged, hyper-aggressive ETFs built for traders looking for a short-term edge.
MarketWatch.com

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