Over the years, I’ve been buying the S&P 500 ETFs for my kids’ portfolios. But today, ETFs are likely to provide disappointing returns over the next decade. ETFs are a great way to invest in stocks. Over the years, I’ve been buying the S&P 500 ETFs for my kids’ portfolios. But today, ETFs are likely to provide disappointing returns over the next decade. Why I’m not buying ETFs today Over the last 15 years, we sat in a global era of cheap money printing. The Fed was pumping money and interest rates fell to zero. There was a flood of cheap money, which lifted valuations of the biggest tech giants, including Alphabet, Amazon, Meta Platforms. It made sense to load up an S&P 500 ETF. Back then, ETFs were cheap. And a huge chunk of ETF returns came from a handful of these tech blue-chips. You made good money as the ETF’s PE ratio kept growing....