Re: Young poker players and their winnings?
YOU POSTED:"But then you suggest QQQQ? Bernstein talks about using a value tilt, based on the Fama French research. QQQQ is a large, undiversified growth index. The long-term growth of QQQQ is not higher than the S&P 500 or a large value index, and the risk is substantially higher."
I RESPOND:
I was just "on-the_-fly" mentioning a couple of ETFs symbols that came to my mind -- that's all. I didn't mean to recommend anything. I wanted to mention that ETFs are now available -- many newbies don't know what they are... The ETF concept can be simple or not-so-simple. I am not an expert on them. I know that some traders use them to conventiently lay off their bets -- I think some types of ETFs can be shorted and also shorted on a down-tick. Initially a few of the highly traded ETFs had small spreads, but also initially many of the newer ETFs had larger (very expensive) spreads. I think that there is a technique where the spread differnence is split down the middle for ETFs with high spreads and thin volume. Also as ETFs become used more -- the spreads will become less and less . Enough said on ETFs and spread -- I don't know much about these. .... (by me). Thanks for correcting my thoughts....
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