UIT's

[Eyerishgold]

What do you all think of UIT's.

Are they just a way for a broker to guarantee a trade for himself every 12-15 months? Do they add any value to a portfolio?

[FinanceDude]

Must not post...............

[yakers]

As I understand it UIT Unit Investment Trusts are like Closed End Funds or early ETFs, they hold specific stocks and can be traded like a stock. UITs were more common in the UK when I lived there. Not a bad concept but not a good record of execution. We have some serious financial folks on this site that can probably provide more useful insight.

[FinanceDude]

Quote:

Originally Posted by Eyerishgold What do you all think of UIT's. Are they just a way for a broker to guarantee a trade for himself every 12-15 months? Do they add any value to a portfolio?

Your first and second sentence are mutually exclusive statements, which are you more concerned with, what we think or if they are a good idea??