With the flood of ETFS being brought to the market, there was bound to be a new product following along as a new alternative to ETFs to confuse investors even more. Such an animal did arrive and it is called Exchange Traded Notes, or ETNs for short. I’ve been hard pressed to find information on it, but Kiplinger had an …
Special No Load Fund/ETF Tracker Update For 7/31/2007
Right in the middle of a continuation rally from yesterday, news about the subprime virus having infected another institution, took the legs right out from under a strong up move and turned it into another down day. The trigger was American Home Mortgage’s admission that it was unable to borrow or raise money, which pushed its stock down some 90%. …
ETF/No Load Fund Investing: Are There Valid Reasons To Sell Now?
Reader Nitin sent me an article from BusinessWeek called “Five Reasons to Sell, Sell, Sell.” It lists five of the biggest threats to the current stock market rally, which include: 1. Earnings 2. Consumer spending 3. Inflation 4. Subprime and housing 5. Shiny happy investorsAll of these are items which I’ve discussed in various posts and comments, and every one …
Special No Load Fund/ETF Tracker Update For 7/30/2007
As I mentioned last Friday, those funds/ETFs that had barely triggered my sell stop points were slated to be sold today. This plan was subject to confirming further market direction to the downside at today’s opening, to make sure we would not expose ourselves to a potential whipsaw. So far so good! The markets rebounded nicely and pushed our holdings …
From The ETF Archives: Holding Steady During Last Week’s Correction
Last week’s 4.5% market correction pulled the rug out from under most assets. Based on my ETF Master list, which contains 497 ETFs representing just about every sector imaginable, I was curious to see which assets held up best and with ones suffered the most. While obviously all bear market funds/ETFs had an up week, it is too early to …
Sunday Musings: What’s Your Number?
Not too long ago, I read Lee Eisenberg’s book called “The Number,” which tries to answer the life-defining question: “How much money do you need to secure the rest of your life?” Obviously, I am a very interested party in that subject since that topic seems to come up quite frequently when talking to readers and clients. While he has …