I have not yet found a tool to help you pick one or more ETFs based on your
outlook. I have found "screeners", which it seems to me require you to
understand your outlook and how that translates into market choices, and
then the screener will help you screen ETFs based on those market choices.
But, is there a tool to help you jump from your outlook to one or more
ETFs?
For example, E-trade asks you a series of questions, such as how soon
might
you want to use this money, how risk tolerant are you, etc. It then puts
up
pie charts, like x% bonds; y% big caps, etc. Then you toss all this away,
and go to their ETF screener, and plug in different info to sort through
the
ETFs.
Is there a tool that takes E-trades step one, shows you pie charts, and
then
points you to ETFs that fit the bill?
Also, is there a tool that includes questions such as how likely do you
think the recession will last x months, how do you think inflation will be
in 1 year, etc? It could even give you clues as to what some brains are
predicting, then let you punch in your biases.
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