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re: Interested in cheap ETFs, need beginner advice
Posted on 5/2/14 at 4:02 am to Volvagia
Posted on 5/2/14 at 4:02 am to Volvagia
Sharebuilder is exactly what I'm using, 6.95 a trade on stocks/ETF, no annual fees, no inactivity fees, no minimum balance 
Looking at ETFs with good majority holdings that I can just keep on a portfolio for now. I'm an accounting major, looking to dual in finance in a year, so really using this as a learning experience for the future and as a possible talking point in an interview.
I've been looking at stocks with high dividend yields but I think going the ETF route with diversified holdings means I'm not putting all my eggs in one basket, even if it's not that many eggs.
Overall solid advice
Looking at ETFs with good majority holdings that I can just keep on a portfolio for now. I'm an accounting major, looking to dual in finance in a year, so really using this as a learning experience for the future and as a possible talking point in an interview.
I've been looking at stocks with high dividend yields but I think going the ETF route with diversified holdings means I'm not putting all my eggs in one basket, even if it's not that many eggs.
Overall solid advice
3
Posted on 5/2/14 at 7:56 am to SomeTigerFan
VUG
VYM
VWO
VYM
VWO
Posted on 5/2/14 at 8:51 am to SomeTigerFan
If you plan on using this as a talking point in an interview, I wouldn't recommend saying that you bought "cheap" ETFs because their share price was affordable. Cheap is a measurement of P/E ratio, not a nominal dollar value.
For example, Nike is trading around $73 with a price to earning ratio of 24.97 - earning $2.93 per share. UnderArmor, on the other hand, is trading for the "cheap" price of $49.25, but it's PE ratio is 64.10 - earning only $.77 per share. Now, I'm not recommending one over the other, but by every measurement other than nominal stock price, UA is more expensive than NKE.
That being said, check out VOOG, the Vanguard Growth ETF, and VV, the Vanguard Large-cap ETF.
Additionally, the point of buying ETFs is for low-cost indexing, so if you're looking for large-cap ETFs, they are pretty much created equal outside of fees. I wouldn't be concerned with holding 2-3 ETFs that essentially track the same holdings.
For example, Nike is trading around $73 with a price to earning ratio of 24.97 - earning $2.93 per share. UnderArmor, on the other hand, is trading for the "cheap" price of $49.25, but it's PE ratio is 64.10 - earning only $.77 per share. Now, I'm not recommending one over the other, but by every measurement other than nominal stock price, UA is more expensive than NKE.
That being said, check out VOOG, the Vanguard Growth ETF, and VV, the Vanguard Large-cap ETF.
Additionally, the point of buying ETFs is for low-cost indexing, so if you're looking for large-cap ETFs, they are pretty much created equal outside of fees. I wouldn't be concerned with holding 2-3 ETFs that essentially track the same holdings.
Posted on 5/2/14 at 8:56 am to SomeTigerFan
quote:
6.95 a trade on stocks/ETF
I know it doesn't have the same thrill, but you want to use the automatic investment plan for cheaper fees to start.
Not sure as to what kind of tax wrapper you are putting this in, or your goals with it, but I would consider:
BIV (~10%)
VDC
VYM
VUG
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