Anybody have any experience with EFTs?
Apparently, they are like mutual funds, but traded like stocks, whatever that means.
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Anybody have any experience with EFTs?
Apparently, they are like mutual funds, but traded like stocks, whatever that means.
All I know are 401k's right now pretty much cost you to just have one. That's the problem with having interest rates so low, nobody makes any money.Originally Posted by chovy
EFT's hmm, let us know if you find out.
just to add my two cents about etf's
i love them.
particularly the SPDR's or Standard and Poor's depositary reciepts (ticker symbol SPY)
if the market does poor, then you do poor. if the market does ok then you do ok.
to get a market average return (about 10% "over any 30 year period") is quite easy to do, but to get a superior market return every year is damn near impossible. (yet mutual funds try every year some suceed and most fail to beat the market average. the kicker is that the few mutual funds that do beat the market are always different funds. no few funds have ever historically beat the market by any great amount every year. because the fees they charge after many years become a drag on the earnings of the fund.)
so the simple answer is you will make more money, in less time, by simply paying fewer fees by owing an eft, and receiving an "average market return over a 30 year period".
i do hold many investments in individual companies, but i do use index investing as a core for the bulk of my investment money.
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