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Chuck,
I'm sure you'd find a way to make money in ETF's, but I've found that funds are useful only in cases where I can't easily trade the actual instrument that the fund is composed of. Junk Bonds are a good example. Emerging market funds and gold funds are another. A lot of these once they begin, show sustainable trends that are suited for int-term periods. Who cares if you pay 1.5% redemption fee when you make 40% on an emerging market fund for instance?
Otherwise, I'm trading stocks directly because if I were to choose, I'd rather not give up the 1.5% I'm cheap that way.
I'm sure Fred and others will have more informed opinions.
Kind Regards,
GaryChuck Rademacher <chuck_rademacher@xxxxxxxxxx> wrote:
Maybe some of you guys (and gals) who trade mutual funds can answer a couple of questions?
1. If there's no money to be made in (rotational trading of) ETF's, am I correct when I assume that there's no money to be made in the Rydex-like funds that only mimic an index?
2. Based on current rules and redemption penalties, which families of mutual funds can you recommend for rotational trading?
3. If most (or all) such families of funds charge early redemption fees, is it safe to assume that you are trading these mid to long term?
There's no sense in me working on a system that appears to do well, only to find that redemption fees are going to kill me. Or, is it possible that there's enough money to be made that the fees are of little consequence?
Out of all of the above, I'm really interested in some recommendations on mutual fund families to trade. I can then go do my own investigation as to their fees, etc and devise my own systems that will work with those fees.
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