Some technology ETFs; CLUB
Being well diversified is the key to long-term investing. If you were not, you probably learned from the recent correction. I began moving towards big, dividend paying, safe companies for some time. As a result, my portfolio is in good shape after the correction. The fact is, though, the economy is slowing and might even go through a recession. It doesn’t mean that there are no good picks. Actually, the best time to buy is during market downturns.
Here are some of the stocks and ETF that I’m currently looking at. I think technology is a good place to be in the near future. There is decent growth and the stocks do not look overpriced. I am going to have to pick on technology oriented ETF and invest in it.
Software and Technology ETFs
Software ETF (SWH)
iShares S&P GSTI Software Index Fund (IGV)
PowerShares Dynamic Software ETF (PSJ)
Technology Select ETF (XLK)
Town Sports Intl (CLUB)
Strong membership growth; profits should follow.
BoA Free Trading -- The Catch
I fell for it. Have $25K in your accounts and you will get 30 free trades every month -- that's the offer from Bank of America (BoA). Because I had that amount with some cash and money from my Interactive Brokers account, I went for it. Now that my account is transferred to BoA it turns out I’m charged $10 for each trade!
The catch?
You have to have $25K outside of your investing account! Wholly shit! Who the hell is going to keep $25K in their savings/checking accounts? Definitely not me! I don’t need more than $5-10K in my savings account. I want to have my money invested, not sitting idle in an account.
I am going to look elsewhere and transfer my assets out of Bank of America.
One possibility is Zecco. They also have free trades and it seems like a good offer. I don’t see any catches – not yet, at least. :-) If that does not work out, I’m going to go back to Interactive Brokers ($1 per trade; 10 trades/month minimum), where I had my account for the past several years.
I guess the lesson for me is to read the fine print.
