Comments on: Celebrate my first stock purchase with a…UH OH! http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/ Family, Marriage, Finances & Life Sat, 11 Feb 2012 13:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: KMull http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/comment-page-1/#comment-7357 KMull Wed, 27 Jun 2007 18:41:12 +0000 http://www.cleverdude.com/articles/finances/celebrate-my-first-stock-purchase-with-auh-oh/#comment-7357 Agree with MoneyNing... sell and buy PBW if that is what you really wanted unless you have a good reason. Actually, I wouldn't own -any- PowerShares ETF. The expense ratio is very, very high for an 'index' fund. 0.50% of assets. It has a 73% turnover ratio (tax inefficient) because it remakes itself every quarter. This also adds transaction costs. Compare that to Vanguard Growth ETF (VUG) with an expense ratio of 0.11%; which is 78% less than the other. VUG's turnover ratio is only 23% as well. Just my 2 cents. Expenses are your biggest enemy. ETFs help fight that, but the one you chose has one of the highest expense ratios for the ETF industry. Agree with MoneyNing… sell and buy PBW if that is what you really wanted unless you have a good reason.

Actually, I wouldn’t own -any- PowerShares ETF. The expense ratio is very, very high for an ‘index’ fund. 0.50% of assets. It has a 73% turnover ratio (tax inefficient) because it remakes itself every quarter. This also adds transaction costs.

Compare that to Vanguard Growth ETF (VUG) with an expense ratio of 0.11%; which is 78% less than the other. VUG’s turnover ratio is only 23% as well.

Just my 2 cents. Expenses are your biggest enemy. ETFs help fight that, but the one you chose has one of the highest expense ratios for the ETF industry.

]]> By: MoneyNing http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/comment-page-1/#comment-6785 MoneyNing Fri, 22 Jun 2007 00:14:18 +0000 http://www.cleverdude.com/articles/finances/celebrate-my-first-stock-purchase-with-auh-oh/#comment-6785 If you never intended to buy PBW, then sell it and buy PWB. Don't keep hanging on to it unless you decided the ETF you bought instead was really a better choice in the first place. Don't let the sunk cost affect your decision. You made the right decision by getting into the stock market. Good luck with your trading! If you never intended to buy PBW, then sell it and buy PWB. Don’t keep hanging on to it unless you decided the ETF you bought instead was really a better choice in the first place.

Don’t let the sunk cost affect your decision.

You made the right decision by getting into the stock market. Good luck with your trading!

]]> By: Tim http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/comment-page-1/#comment-6763 Tim Thu, 21 Jun 2007 19:06:37 +0000 http://www.cleverdude.com/articles/finances/celebrate-my-first-stock-purchase-with-auh-oh/#comment-6763 you could just trade to PBW you could just trade to PBW

]]> By: J2R http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/comment-page-1/#comment-6748 J2R Thu, 21 Jun 2007 16:24:57 +0000 http://www.cleverdude.com/articles/finances/celebrate-my-first-stock-purchase-with-auh-oh/#comment-6748 lol... sorry man, but I'm laughing WITH you, and not AT you ;) lol… sorry man, but I’m laughing WITH you, and not AT you ;)

]]> By: ST101 Reader Makes First Trade Online http://www.cleverdude.com/content/celebrate-my-first-stock-purchase-with-auh-oh/comment-page-1/#comment-6733 ST101 Reader Makes First Trade Online Thu, 21 Jun 2007 15:54:26 +0000 http://www.cleverdude.com/articles/finances/celebrate-my-first-stock-purchase-with-auh-oh/#comment-6733 [...] of mine known as Clever Dude has successfully made his first ever trade online! The funny part is, he typed in the wrong symbol, [...] [...] of mine known as Clever Dude has successfully made his first ever trade online! The funny part is, he typed in the wrong symbol, [...]

]]>