I have a relative who swears an ETF just like an individual stock could go belly up and all money in it could be lost. I told them this is not possible unless every single stock in that ETF was to go to zero. The example was JEPI (which pays a nice dividend). I have money in JEPI to give me a check (pays monthly dividends). My relative told me JEPI could go to zero overnight. I told them no it cannot because it is made up of very many stocks. Who is wrong and who is right?
[link] [comments] https://www.reddit.com/r/stocks/comments/13ockgq/is_it_true_an_entire_etf_could_go_bankrupt_and/
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