About 5 years ago, with our Fido IRAs, we got out all but two mutual funds and went to ETF’s with sell loss limit orders if the market came down.
The ETF’s can be sold like Stock anytime when the market is open, none of this, bs of waiting until the end of the business day. All so they can be bought anytime of the day.
The buy and hold a mutual fund forever has to be one of the biggest lies ever foisted on Americans, right in with Republicans are racists/liberals aren’t, Liberals aren’t fascists, and top investment officers/bankers are Republicans.
Besides not being able to buy and sell a mutual fund like a share of stock there are the following problems:
1. Many fund managers and some companies are covert lefties and buy stock of lefty loser companies like the Ny Slimes, Chicago Tribune, Compost, CBS, Fannie and Ginnie. They use the hard earned money of their share holders to keep the lefty loser companies afloat.
2. So many of the mutual fund companiers apparently force their reasonably good fund managers to buy large amounts of share of their loser mutual funds. Many of the so called target retirement year funds are nothing but losers with some S&P 500 or Dow investments.
3. Then so many funds charge a fee to buy their shares, high expense fees and other bs fees that cut into any possible profit. Then you can’t sell these funds for specific time periods after your buy them without penalties. ETF funds have none of these problems. Their expenses are out in the open and much lower than mutual funds.
We have our two IRA’s with Fidelity with No/Zero Fidelity funds with exception of their core money funds. We own CDs and corporate notes that Fido arranges for us to buy at no cost. Our ETF’s are GLD, SLV, SHY, THO, TLH.
ETF’s are my number one choice for investing.
I gave up an mutual funds due to the lack of transparency, 100% stock all the time and lake of liquidity(no daily market).
There is only one thing worse than a Mutual fund..and that is one you pay and up front fee to get into.
Cd’s are good for us older folks.
This may not hit bottom for a while.
If you are in a mutual fund that does not allow you to move assets at your whim you put your money in the wrong place to begin with. Obviously you need to evaluate various costs, but I could take my money and put it into 100% cash with a few clicks of my mouse.
If all you are using your mutual fund for is to buy and hold a wide variety of investents without putting any effort into managing our own money, well, you should expect returns commenserate with your level of effort...
Good move. We can rest assured that the smart wall street money and traders do not ride the market down.