Need a quick check on investing some money (in SDY)
I have some un-invested money sitting in my taxable brokerage account (Scottrade and Sharebuilder) and some in my IRA (Fidelity) too. Instead of hand picking dividend stocks I'm thinking of buying some SDY using dollar-cost-averaging and with a buy-and-hold strategy. Any thoughts on that and whether I should have this in my taxable account or tax deferred? (some relevant info in my signature).
Second, from the commission and dividend reinvestment perspective what is a good place to buy SPDR funds? Not sure what Fidelity or Scottrade will charge over the long haul.