Quote:
Originally Posted by 3rd_gear_Ted
Why is my broker pushing ETF's ???
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Quote:
Originally Posted by Tidybuoy
Your link explained it! Thanks.
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Agreed. If your broker is pushing a common ETF fund like the S&P 500, there is no need to buy this thru a broker & pay large fees. However, many people do not feel comfortable making market decisions and in that case, a broker is the way to go.
Personally, if you don't feel comfortable making these decisions, I would recommend watching what the broker is doing and after some time, open a TD Ameritrade (or comparable) and try your own skills. Maybe even with a portion of your money. It really depends on you, your time, and ability.
I forgot to mention before, EFT's have much lower fees than a Mutual Fund. Vanguard has the lowest in the industry and they are famous for it. Their fees often run .05% or lower. They also do not have the minimum purchase like most mutual funds.