ETF's


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sumjo   
Member since: Jun 04
Posts: 351
Location: Mississauga

Post ID: #PID Posted on: 12-02-10 14:40:45

Hi,

Are ETF's a good investing idea for long as well as short term gains? I am planning to put in some money in ETF's under the TFSA, but not too sure as to the options to select.
Can someone guide me please?

Thanx


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sumjo


pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 12-02-10 15:52:45

I love ETFs. They are a great alternative to expensive and under-performing mutual funds.
They provide diversification at a fraction of the cost of mutual funds, plus benefits of intra-day trading.

However, I like broad-based, high-volume ETFs, not the niche, exotic ETFs.
These days there are all kinds of fancy ETFs being created - some are not "true" ETFs even but a hybrid of asset-allocated funds.

What specific sectors or markets did you have in mind?


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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"


laksa   
Member since: Dec 05
Posts: 50
Location:

Post ID: #PID Posted on: 12-02-10 16:36:22




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