Speaking of in contrast to hidden little ETFs nobody’s heard of
Dr.
These are major ETFs, high-volume ETFs. And if you put a market order in, the spread is like a penny or less, and it’s going to execute right away. And so, that’s what I’ve been doing. I’ve just been putting in market orders and no big deal. I watch them make sure they actually execute it and pretty much that’s what happened. What I see is what I get and no big deal.
Dr.
I basically stopped using limit orders. I just use market orders for those ETF purchases. Whether I’m doing it in my 401(k) at Fidelity, whether I’m doing it in my taxable account at Vanguard, I’ve been using market orders.
Jim Dahle:
The following question for you is, should you decide do that cool function, that it fractional express function? And i thought it’s very much easier because takes away certainly the problems of employing ETFs. A primary reason I really like old-fashioned mutual fund over ETFs is that you can merely put the dollars during the. It’s not necessary to calculate from offers aside from the undeniable fact that you could potentially put the buy into the also it only takes place at the end of the fresh new trade day. You could do that.
Dr.
Essentially, it’s the same thing with fractional shares. You can just pick the dollar amount. I want to put $5,000 into VTI and you can just do that at Fidelity.
But if your brokerage is a place that allows it, sure, why not? I think it’s super convenient. It’s no big deal to have fractional shares in there.
Dr.
I wish all brokerages would do it. I suspect all will eventually, but I think it’s actually probably a better system to allow that. Continue reading “Speaking of in contrast to hidden little ETFs nobody’s heard of”