cronewitch
Junior Associate
Joined: Dec 20, 2010 21:44:20 GMT -5
Posts: 5,974
|
Post by cronewitch on Aug 31, 2013 13:17:16 GMT -5
I just bought the first 5 ETFs I looked at because it is too hard to decide. I got the following, 500 shares of each. It this a bad choice, if so should I cancel since they won't fill the orders until Tuesday? If I get them and don't like them can I sell them without a fee? I never had a ETF before but couldn't decide on a mutual fund or stock I didn't already have and had too much in money market.
schx
schb
schd
schg
schv
|
|
Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,592
|
Post by Ombud on Aug 31, 2013 16:24:33 GMT -5
Not getting into the timing question .... just the selection query. As far as that goes ... Way too much overlap. svhx, schb, schg, schv have tremendous overlap. I understand the selection on schd as that increases your dividend play even though those 100 stocks are within the other 4 ETFs as well. My suggestion is: SPY & SCHD. DCA into SPY -- 1/4 each week in September. All into SCHD. You decide what % of your portfolio you want in each bucket. If you want to avoid the $8.95 brokerage fee for SPY & your account is at Schwab, then SCHX + SCHD is a viable option as there isn't a charge to buy or sell Schwab ETFs within a Schwab account Finally, don't think 'shares,' think % of account |
|
Deleted
Joined: Apr 25, 2024 18:28:26 GMT -5
Posts: 0
|
Post by Deleted on Sept 1, 2013 0:31:44 GMT -5
SDIV - Global Dividend Play
PFF - Preferred Stock Play
PCEF - Closed End Fund Play
KBWY - REIT Play
MDY - Mid-Cap Play
DIA - DOW 30 Play
AMLP - Master Limited Partnership Play {NO K-1's}
KBWD - Dividend Play (More "local")
SDIV - PFF - PCEF - DIA - KBWY - KBWD --- Pay Monthly (Ordinary)
AMLP - MDY -- Pay Quarterly (Think these do go "qualified")
% of account decent idea -- Better Idea we think = Defined upfront $ per fund.
Defined $ amount per fund = how ever many shares that amount will buy. Reinvests, equal $ across the board.
Just our 2 cents.
|
|
