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Dave Nadig
3:37
When you get into things less direct - like, say, the difference between EEM and VWO, the two big EM funds, there its much gnarlier.
3:38
there are REAL differences in approach between the two.  One has South Korea, for example, the other doesn't.
So mixing the two really pollutes your exposure.  As an investor, sadly, you actually have to decide for yourself whether you want SK in your portfolio.
And then pick one.
3:39
So in general, nah, I don't think it makes sense, and can actually create problems.
Not An ETF Mechanic
3:39
One of things I always hear is that you "should check under the hood" of what ETF you buy. But if one uses advisors, isn't that their job to tell me, a client, what is under the hood?
Dave Nadig
3:39
Yep!  Certainly one of the reasons investors work with an FA is precisely to NOT think about these things.
3:40
Even if you're just using a roboadvisor, like, say Betterment or something -- your counting on them to have done the looking under the hood for you.
However, having said that, I still think there's value in knowing what you own, because your FA doesn't know, necessarily, everything about you.
3:41
For instance, maybe you work at a semiconductor firm and get company stock.  Well, maybe you want to lighten up on your tech exposure, since you're already career-invested there.
Betterment -- or your mom and pop advisor, wont necessarily get that.
OK folks, thats going to do it for me.
Thanks for joining us this week.  We'll have a transcript up shortly. Spread the word, and and I hope you'll join me every Thursday at 3PM Eastern.
Also, as I mentioned at the top:
3:42
As a special note:  Next thursday, our EIC, Drew Voros and I are doing a webinar that's just straight up ETF 101, with a live Q&A on video.  You can register for that here:
See you next week!
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