vortmaximum
4 years ago
Interesting now NO performance fee?: Update (Jan 22nd, 2021): Horizons has confirmed that there is no 15% performance fee, contrary to that present in the ETF Facts sheet filed via Sedar. The annual management fee is set at 0.85%.
In a press release, Horizons confirmed: “PSYK will close the initial offering of units to its designated broker at the close of business on January 26, 2021, prior to its initial listing of units on NEO on January 27, 2021.”
https://psilocybinalpha.com/news/north-american-psychedelics-index-published-which-companies-will-be-in-the-first-psychedelic-etf
Reyeton
4 years ago
Pros of investing in individual stocks.
“Potential to beat the market.
Investing in an index fund simply helps you keep pace with the market.
Investing in a successful company that creates new products that transform the way we live, such as Apple and the iPhone, or Facebook with its social network, or Amazon with its online shopping dominance, can make you wildly rich."
(USA Today Mar 23,2020)
“But investing in a successful company that creates new products that transform the way we live, can make you wildly rich."
That seems to be where these new companies are taking us. Just my opinion.