Revenge of the Nerds: Factor ETFs are having their second best year in a decade as over half of them are besting the S&P 500 (much better than active). And every category is seeing inflows ($87 total) except Low Vol (which we think has largely been replaced by buffer ETFs). Good stuff on a wildly underreported part of mkt from @psarofagis
@Rick_Ferri Several. Step up in basis. Can also write off nursing home expenses in schedule A. Direct index is far too risky of an asset class for this client who needs to preserve capital. I'm sure there's more.