ETF's

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Dec 7, 2006 4:35 pm

Does anybody have these in their portfolio? I'm thinking about investing $10,000 dollars of my own money in Spiders (SPY).

Any advice?

Dec 7, 2006 6:37 pm

Buy on margin.

Dec 8, 2006 10:51 pm

If you buy on margin you will pay margin interest. Instead, buy SSO, Ultra S&P 500 ProShares.

I use ETFs in my retirement plan: low cost, diversification, asset allocation flexibility. I do my stock trading in my cash account so I can share my mistakes with Uncle Sam shares.

OK, enough schooling for tonight. Good Luck.

Dec 8, 2006 10:53 pm
skeedaddy2:

If you buy on margin you will pay margin interest. Instead, buy SSO, Ultra S&P 500 ProShares.

I use ETFs in my retirement plan: low cost, diversification, asset allocation flexibility. I do my stock trading in my cash account so I can share my mistakes with Uncle Sam shares.

OK, enough schooling for tonight. Good Luck.



Should read "share mistakes with Uncle Sam."

Dec 9, 2006 3:58 am
skeedaddy2:

Instead buy SSO, Ultra S&P 500 ProShares. 



Buy SSO on margin.


(I'm just kidding regulators!) 

Dec 12, 2006 4:29 pm
Slim2None:

Does anybody have these in their portfolio? I'm thinking about investing $10,000 dollars of my own money in Spiders (SPY).

Any advice?


If you had a client in your same position, what would you recommend?



Dec 12, 2006 4:47 pm

You're kidding right?


You never bought an ETF before? Are you in this business or are you a lurker trying to pick up some investment tips from brokers?


I use ETFs to build out the style boxes, for a core portfolio. Then I buy and sell around them (I also readjust weightings).


Mr. A

Dec 14, 2006 12:20 am
Dec 14, 2006 12:21 am

I have to agree with Mr. A.  You can't be a broker/advisor and be asking the question..."does anybody have these in their portfolio?"

Where have you been?  If I was your client, I would be scared to death.

Dec 15, 2006 2:19 pm

If you are at Edward Jones, you might not know about these.


When I was there I asked some people about using them. My GP found out and said "You don't need to be messing with those things. You need to be selling our funds and looking for money."


He also told me one day, after I'd asked a whole-saler about the turnover in a fund, "You know, you might be too smart to be a retail broker." He was totally serious and it turns out he was probably right!

Dec 15, 2006 11:17 pm
EDJ to RIA:

If you are at Edward Jones, you might not know about these.


When I was there I asked some people about using them. My GP found out and said "You don't need to be messing with those things. You need to be selling our funds and looking for money."


He also told me one day, after I'd asked a whole-saler about the turnover in a fund, "You know, you might be too smart to be a retail broker." He was totally serious and it turns out he was probably right!



I don't see what using ETFs have to do with working with EDJ. I sell them and work at Edward Jones. Nor has my regional leader has ever said the phrase "our funds". I sell all type of funds, etfs and non preferreds.  They can be a great option for portfolios. Check out www.amex.com for some good information about them. Also if you do happen to work for Jones you can call central services and get information on them.