How Do You Feel About Spyders (ETFs)

[SmootSmack]

So why does there seem to be a rising popularity for ETFs? Is it because the brokers are pushing it to get a higher commission?

By the way I would be charged a 1% commission

[saden1]

Originally Posted by SmootSmack

So why does there seem to be a rising popularity for ETFs? Is it because the brokers are pushing it to get a higher commission?

By the way I would be charged a 1% commission

Can you elaborate?

[SmootSmack]

Originally Posted by saden1

Can you elaborate?

My financial svengali would get 1% of the value of my account at the end of the year. So if the value of my Roth IRA for example is at $70,000 at the end of the fiscal year he'll get 1% of that as his comission.

[Schneed10]

Originally Posted by SmootSmack

My financial svengali would get 1% of the value of my account at the end of the year. So if the value of my Roth IRA for example is at $70,000 at the end of the fiscal year he'll get 1% of that as his comission.

That's about what I figured, for S&P 500 index funds at Vanguard and Fidelity, you'd pay under 0.2%.

[Schneed10]

Originally Posted by SmootSmack

So why does there seem to be a rising popularity for ETFs? Is it because the brokers are pushing it to get a higher commission?

By the way I would be charged a 1% commission

In a word, yes.