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topclassbubbla · 03-16-2004, 05:22 PM

Feds vote unanimous to keep interest rates unchanged.

DOW closed up 81.78

NASDAQ up 3.88

S&P up 6.21

Anyone invested in ETFs (Exchange Traded Funds)? They're looking more and more attractive everyday.

Hotgirl11226 · 03-16-2004, 09:51 PM

im not too sure about those....what are they???

im more cautious cause im in school now so i can't make any risky investmenst...im looking into mutual funds now

topclassbubbla · 03-17-2004, 12:57 PM

ETFs trade like a stock, but it operates like a mutual fund...

Ok, that doesn't make any sense. Basically, its a basket of stocks that don't have the expenses & fees of mutual funds, just the ticket charge of buying/selling it, and that you can trade during the day.

So, for example, instead of buying 3 different tech stocks on the NASDAQ, you could buy the QQQ which is the NASDAQ index and get a basket of tech stocks in one.

It's pretty much a MF that you can trade like a stock.

The key to managing your risk is diversification. Instead of just having stocks or mutual funds, you should have a little of everything: stocks, MFs, bonds, etc.

Mystic Xtremist · 03-17-2004, 02:28 PM

Keep posting dahlin....the 401k-only market-challenged among us need all the info we can get

03-17-2004, 02:59 PM

Sounds good. So there is no penalties for withdrawing or teading the stock early like IRA or other mutual funds?

topclassbubbla · 03-17-2004, 03:51 PM

The only thing you'll pay is a commission just like any other stock trade.

So say the index is $30/share. If you buy 100 shares, the only thing you'll pay is $3000 + the cost of the trade (which varies, anywhere from $20 - $40, depending on who you use: online, brokerage house, financial advisor).

If you change your mind and want to sell it 3 minutes later, you'd pay the same commission to sell it.

@HG, if you determine that you want to get into stocks, you can always do stop loss orders (i.e. if you buy it at $20, you can put in an order to sell if the stock drops below a certain price). But the stock market is really not for the skittish. LOL. You're better allocating your $$ over a variety of asset classes.

03-17-2004, 04:07 PM

Originally posted by topclassbubbla
The only thing you'll pay is a commission just like any other stock trade.

So say the index is $30/share. If you buy 100 shares, the only thing you'll pay is $3000 + the cost of the trade (which varies, anywhere from $20 - $40, depending on who you use: online, brokerage house, financial advisor).

If you change your mind and want to sell it 3 minutes later, you'd pay the same commission to sell it.

@HG, if you determine that you want to get into stocks, you can always do stop loss orders (i.e. if you buy it at $20, you can put in an order to sell if the stock drops below a certain price). But the stock market is really not for the skittish. LOL. You're better allocating your $$ over a variety of asset classes.

Right now I am with Vanguard. I am in one of their investment planning stategies where based on the year you plan to retire they manage your invesment. Right now it is mostly in stock and bonds, while later on in life it will be more in bonds and other secure investments as I approach retirement. But this sounds like something I would like to get involved in. I wanted to get involved with stock, but I wasn't sure which one. And I am a little lazy to research the unending financial reports of companies. But this thing that you are talking about sounds real good.

Do you reccomend a company to get involved in such an investment.

topclassbubbla · 03-23-2004, 02:08 PM

Trix,

Sorry, I was off the mix for a little bit...

You can pretty much get them through any company that you do your investments with.

To see a list of the ETFs available, and to get some more info (they're all listed on the AMEX), go to www.amex.com, and click on the ETFs section on the right hand side. You can read up about them, see all the ETFs listed on the American Stock Exchange, and even get some research tools.

03-16-2004, 05:22 PM	#1 (permalink)
topclassbubbla Senior Member Join Date: Jan 2000 Location: Brooklyn Posts: 5,381 Credits: 1,100	Today's Financial News... Feds vote unanimous to keep interest rates unchanged. DOW closed up 81.78 NASDAQ up 3.88 S&P up 6.21 Anyone invested in ETFs (Exchange Traded Funds)? They're looking more and more attractive everyday.

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03-16-2004, 09:51 PM	#2 (permalink)
Hotgirl11226 Ball-in-Hand Join Date: Jul 2003 Location: NY Posts: 6,197 Credits: 3,799	im not too sure about those....what are they??? im more cautious cause im in school now so i can't make any risky investmenst...im looking into mutual funds now

03-17-2004, 12:57 PM	#3 (permalink)
topclassbubbla Senior Member Join Date: Jan 2000 Location: Brooklyn Posts: 5,381 Credits: 1,100	ETFs trade like a stock, but it operates like a mutual fund... Ok, that doesn't make any sense. Basically, its a basket of stocks that don't have the expenses & fees of mutual funds, just the ticket charge of buying/selling it, and that you can trade during the day. So, for example, instead of buying 3 different tech stocks on the NASDAQ, you could buy the QQQ which is the NASDAQ index and get a basket of tech stocks in one. It's pretty much a MF that you can trade like a stock. The key to managing your risk is diversification. Instead of just having stocks or mutual funds, you should have a little of everything: stocks, MFs, bonds, etc.

03-17-2004, 02:28 PM	#4 (permalink)
Mystic Xtremist xtremeintl.com Join Date: Sep 2003 Location: Plugged In From Zion Posts: 18,241 Credits: 11,423	Keep posting dahlin....the 401k-only market-challenged among us need all the info we can get

03-17-2004, 02:59 PM	#5 (permalink)
DJ Trixx Guest Posts: n/a Credits: 0 [Check]	Sounds good. So there is no penalties for withdrawing or teading the stock early like IRA or other mutual funds?

03-17-2004, 03:51 PM	#6 (permalink)
topclassbubbla Senior Member Join Date: Jan 2000 Location: Brooklyn Posts: 5,381 Credits: 1,100	The only thing you'll pay is a commission just like any other stock trade. So say the index is $30/share. If you buy 100 shares, the only thing you'll pay is $3000 + the cost of the trade (which varies, anywhere from $20 - $40, depending on who you use: online, brokerage house, financial advisor). If you change your mind and want to sell it 3 minutes later, you'd pay the same commission to sell it. @HG, if you determine that you want to get into stocks, you can always do stop loss orders (i.e. if you buy it at $20, you can put in an order to sell if the stock drops below a certain price). But the stock market is really not for the skittish. LOL. You're better allocating your $$ over a variety of asset classes.

03-23-2004, 02:08 PM	#8 (permalink)
topclassbubbla Senior Member Join Date: Jan 2000 Location: Brooklyn Posts: 5,381 Credits: 1,100	Trix, Sorry, I was off the mix for a little bit... You can pretty much get them through any company that you do your investments with. To see a list of the ETFs available, and to get some more info (they're all listed on the AMEX), go to www.amex.com, and click on the ETFs section on the right hand side. You can read up about them, see all the ETFs listed on the American Stock Exchange, and even get some research tools.

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