I'm sure most of you have heard the name Dave Portnoy to some degree. He has been on the news a lot recently and seems to be the leader of the everyday trader. He recently came out with his own ETF called $Buzz. So far the fund hasn't been doing too well and I have my doubts in regards to Dave's financial savviness. What are your guys thoughts/opinions on this?
He's high to think that a social media buzzword scouring algo is going to work for long. The Meme thing is going to go away soon, once all the trading kiddies get back out into the fresh air this year.
There is something particularly despicable about financial promoters who pretend to be populists/"representing the little people" against the "suits" while simultaneously grifting from the "little people" via promoting their own investment products.
Just another fund seller/promoter trying to get more people to donate to his funds. "Representing the little people" is just another angle that's all. It seems to be a popular one right now with Roaring Kitty and GME and all. Nothing special about him.