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Re: ...just a couple more thoughts Posted by Bill Homer [Email] ![]() ![]() In Reply to: ...just a couple of thoughts, Viggenator ![]() |
Seeing as how there are many mutual funds with the same basic premise, i.e. S&P500 Index, Agressive Growth, Dividend-Paying Stocks, etc., how about selling what you currently have and buying a similar fund from a competitor? It seems that this would keep you invested with your current allocation while meeting the letter of the law for the 30-day repurchase rule. I'm not a financial consultant, so I have no idea if this is legal - but I don't see why not. On index funds I have to assume that competitors' returns are within small fractions of a percent.
As an alternative to normal mutual funds, you can find Exchange Traded Funds (ETFs) that are basically index funds that are traded throughout the day. To buy them will cost you a trade fee (which should be minimal), but ETFs allow you to get in/out whenever you like - no need to wait for the end of a trading day. There is a huge variety of these in many flavors, the most common being "Spiders" tracking the S&P500 index.
This might also be a good time to rethink the entire "managed fund" premise of trying to beat index funds - some huge percentage of them do not over an extended time.
posted by 12.151.249...
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