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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Investing in the Gig Economy - GIGE

beebee
in Fund Discussions
What is the Gig Economy?The “gig economy” refers to the group of companies that embrace, support or otherwise benefit from aworkforce where independent consultants, contractors, temporary or on-call workers are empowered tocreate their own freelance business by leveraging recent developments in technology platforms thatenable individuals to offer their services directly to retail and commercial customers.
SOFI ETF GIGE
Interview with the manager:

https://theirrelevantinvestor.com/2021/03/26/20543/

Comments

  • LewisBraham
    edited March 2021
    With holdings like Fiverr in its portfolio, it could be renamed the Worker Exploitation and Disenfranchisement ETF with the ticker EXPLOIT.
  • Baseball_Fan
    Kind of what happens as an end result when you ship all your decent paying jobs overseas over the period of 20-30 years...ya'll left with a BS economy...selling weed for tax revenue, working at fast food joints, driving UBERs...and the good paying jobs are either in overpriced health care segment or developing apps that society would arguably be better off without and wouldn't miss them if they didn't exist, keeping rates low so mortgage finance officers can make bank and realtors and local tax districts can suckle of the false teet of overprice real estate....so you get what I would call instead of EXPLOIT...BSECONO....

    Side Note: Love how many of the folks who run for local office on school boards etc, state they own their own business...I always ask them, very nice, congrats...how many associates do you employ, what kind of budget did you manage, what were your revenues over the past threee years...oh...so really you were a free lance graphic artist working on average 25 hours a week...

    Get used to it...if the real economy was real sound, you wouldn't have folks particpating in these BS, screw the worker grunt, no bennies, while exec's make bank types of companies. They would get laughed out of existence.

    But...we like it, don't we, we all buy from Bezos, squeezing local merchants and like our UBERs don't we?

    Baseball Fan
  • beebee
    edited March 2021
    Honestly you both make good points.

    Aside from that... this ETF seems no different than other Tech / Comm Service Funds. Most may even be a bigger target of your legitimate criticisms. I'm glad that the two of you recognize we have compromised on this road to promise.

    It's unfortunate that what is often considered progress is instead a hollowing out of both people and its resources.
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