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re: Interested in cheap ETFs, need beginner advice

Posted on 5/1/14 at 8:33 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16196 posts
Posted on 5/1/14 at 8:33 pm to
By the looks of his post I don't think he meant "trading" as you're thinking of it. I think he meant to say investing, or simply getting in the market. I don't see why he would "trade" ETF's over anything else.
Posted by SomeTigerFan
Over there
Member since Oct 2012
3232 posts
Posted on 5/1/14 at 8:36 pm to
Exactly, just looking to get a position in something and while ETFs usually have 2-4% as a major holding, it's still something at the level I'm at.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 5/1/14 at 8:39 pm to
I misunderstood. But golly, when I read trading I thought it was my duty as a decent guy to do everything to discourage him. It's a full time job.

What I said about buying some utilities and waiting for an opportunity to buy a broad based index fund after a significant correction still goes though. My opinion only. I bought the Wilshire and SPX in 2009. Everyone always says buy low and sell high, yest almost everyone can't do this. I'm not sure now is the time for the young man to be buying an ETF. All he has is time. Why not wait it out and get paid some dividends without a lot of risk to capital in the interim?
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