The L.A. Lakers Delivered a 1-Year Return of 25%. These ETFs Have Done Even Better.
Most people don't have $12.5 billion to buy the L.A. Lakers. But with stock ETFs, you could earn a higher return than the Lakers' owners.
Overview
Would you rather own the Los Angeles Lakers or a diversified stock ETF? One of the NBA's most iconic franchises is being sold to new owners for $12.5 billion. About a year ago, the Lakers sold for $10 billion. That means the soon-to-be-former owner of the L.A. Lakers achieved a 25% one-year return while owning the team.
Earning a 25% return from one year of owning the L.A. Lakers is an impressive return on investment (ROI). But some of the best stock exchange-traded funds (ETFs) have done even better. Let's look at three diversified stock ETFs that have recently beaten the L.A. Lakers (as investments, not in basketball).
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Originally published at www.fool.com.
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