Ready-4-ER-at-14
Full time employment: Posting here.
Kevin O Leary from the tv show Shark tank (on ABC) apparently had created some ETF's one of which is OUSA. The chart beat my mututal funds soundly but did not quite beat the index although close re the spy.
From what I read somewhere, he wanted a fund of good companies that would not get too concentrated into just a couple of big winners to allow a generational trust funding vehicle. It does some rebalancing or new purchases with specific company criteria (filters).
He says "because two-thirds of the stocks inside the S&P 500 I don't want to own" per an article by Sumit Roy July 5, 2017.
I'm consider this for some pass through to a different generation play eventually. If I buy it would be early in 2018.
I'm not too savvy on etfs even though I have a few but I treat them just like stocks re buying with a trend. (spell check wanted to change etfs to elf's ho ho ho tis the season.)
Any thoughts about the fund itself. I have some money still in mutual funds that I want to go to index funds/etfs and was considering about 20% of it going into this.
It sounds like they sacrifice some upside for downside protection.
From what I read somewhere, he wanted a fund of good companies that would not get too concentrated into just a couple of big winners to allow a generational trust funding vehicle. It does some rebalancing or new purchases with specific company criteria (filters).
He says "because two-thirds of the stocks inside the S&P 500 I don't want to own" per an article by Sumit Roy July 5, 2017.
I'm consider this for some pass through to a different generation play eventually. If I buy it would be early in 2018.
I'm not too savvy on etfs even though I have a few but I treat them just like stocks re buying with a trend. (spell check wanted to change etfs to elf's ho ho ho tis the season.)
Any thoughts about the fund itself. I have some money still in mutual funds that I want to go to index funds/etfs and was considering about 20% of it going into this.
It sounds like they sacrifice some upside for downside protection.