If you have watched it closely, the film ends(before credits) with this quote about Bale's character, Michael Burry:
Is investing in water possible?
If you have watched it closely, the film ends(before credits) with this quote about Bale's character, Michael Burry:
To give you a recap, Michael Burry is the person who predicted the 2008 crisis and also made a lot of money by shorting the market.
And, now he is focusing on investing in water.
Water is a scarce commodity, where only 1% of the Earth's surface water is freshwater.
Burry has been buying water and farmland assets before it gets expensive. Even Wall Street has started treating water as a serious investment.
There are index funds, ETFs, companies that focus only on water. Invesco S&P Global Water Index is one of them. This ETF invests in water utilities, infrastructure, equipment, etc.
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Important.
Whenever you invest in Fund of funds, check the expense ratios of both the local fund & the global fund which is investing into.
e.g., Nasdaq FOF ER is 0.1%, but you have to add the ER of ETF which 0.54%, total 0.64%
Good to see AMCs like @EdelweissMF mentioning it.
Whenever you invest in Fund of funds, check the expense ratios of both the local fund & the global fund which is investing into.
e.g., Nasdaq FOF ER is 0.1%, but you have to add the ER of ETF which 0.54%, total 0.64%
Good to see AMCs like @EdelweissMF mentioning it.
When you invest in a global fund, and compare expenses across funds:
— Radhika Gupta (@iRadhikaGupta) June 22, 2021
1. Compare \U0001f34e to \U0001f34e: Total cost includes offshore fund cost plus what local AMC charges.
2. Get this data from the AMC website. Many 3rd party websites don\u2019t include underlying fund costs.
1/3