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re: Interested in cheap ETFs, need beginner advice

Posted on 5/2/14 at 9:49 am to
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 5/2/14 at 9:49 am to
quote:

Going to go with VYM, thanks for the advice


I own it and it has been good to me. Up 10% since initial buy, and other additions to it.

If you watch VWO (Emerging markets), I have noticed since owning it, it fluctuates between $37.50 and $44ish. Watch it and I would jump in anytime it gets near $38.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 5/2/14 at 3:34 pm to
quote:

If you watch VWO (Emerging markets), I have noticed since owning it, it fluctuates between $37.50 and $44ish. Watch it and I would jump in anytime it gets near $38.


This is purely coincidental. Even if you believe that stocks trade in a range, this is the aggregate value of possibly hundreds of constituents of the ETF, not something that people buy and sell based on technical indicators(which I think are bs in the first place).
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