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Question for SPY traders



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Trading Reference Links

Does anyone happen to have some good info about Spyders in regards to the
costs?  I'm trying to figure out if passive investors would be better off
opening up an online account with a dirt cheap broker like Datek and just
buying SPYs, rather than putting the money in an S&P Index fund, like
Vangard's.  Vangard's fees are low but not insignificant.  Any ideas?

Thanks,

Bruce