more mostly positive econ - things have been strong for several weeks. Add that to the big stock rally, and the 2H16 strengthening is looking more likely.
jobless claims 4 wk average at cycle lows
existing Home sales at highest rate since crash
home prices +5.6% y/y
but
leading indicators flat
philly fed and chicago fed negative, but both at high end of recent ranges.
The question was about ETFs, not stocks.
Ghost of Igloi wrote:
T+3 rules. Trade day one, the trade settles (you are delivered the stock) three days later.
Igy
Why?
Turns out that if I sell an ETF (which costs me basically nada in fees) it takes 3 days to "settle". And settle apparently just means the funds are not available until then.
But if I sell a Mutual Fund with all the attendant fees, it takes one day.
More BS.
ETF's trade like stocks, T-3 rules apply.
Igy
If you trade in and out of mutual funds you will run into the same issues.
Igy
Not true. It doesn't take a mutual fund 3 days to get cash to you.
You are wrong. Learn yourself up.
T+3 Rules from SEC website:
"What security transactions are covered?"
Most security transactions, including stocks, bonds, municipal securities, mutual funds traded through a broker, and limited partnerships that trade on an exchange, must settle in three days. Government securities and stock options settle on the next business day following the trade.
Igy
Only mutual funds traded through a broker. Learn to read.
360+ pages, may want to start a new threat with "Stocks Today". Hasn't been Down for a while.
What I don't understand and why people are down on the market is: What other options are available that given back anything close to the market. Maybe if you are a total latecomer to the market this is not a good time to buy, sort of like buying at the height of a housing boom. But, if you have been in the market for some time, either staying put or continuing to buy small add ons can't be a bad thing. Certainly Bonds, Treasuries or CD's are not going to do anything for you. Buying real estate and or gold, silver, art is pretty risky in my book.
Seems to me staying the course is the best approach. What do you think Ghost of Igloi? Flagpole? Anyone else savvy to the workings of the market?
You are spot on.
just,
What is interesting is you question little about "timing" the stock market, but "time" other markets. You said: "What I don't understand and why people are down on the market is: What other options are available that given back anything close to the market." Then said: "Certainly Bonds, Treasuries or CD's are not going to do anything for you. Buying real estate and or gold, silver, art is pretty risky in my book."
Igy
I agree that the buy and hold strategy is best especially when combined with automatic investments. Some will tell you that the strategy might not be appropriate for retirees, or those nearing retirement, but there are some who suggest it remains appropriate. Nevertheless it is a significantly better strategy than trying to time the market like Ghost of Igloi. Good luck.
Please review recent pages to learn that the poster 'Ghost of Igloi' is an admitted troll. The real Igy walked away from this thread weeks ago.
Banker,
I have never argued against "buy and hold." I have endeavored to make a couple of distinctions: 1) buy and hold is a theory, and is only valid if it is actually executed in practice; 2) if you have a buy and hold strategy on stocks, that should apply to bonds as well; 3) central bank distortions may make a buy and hold strategy less than optimal; and 4) buy and hold is not a good strategy for retirees because of "sequence of return" (see attached article by Moshe Milevski)
http://www.ifid.ca/pdf_newsletters/pfa_2006feb_sequencing.pdf
Igy
Might,
You keep bringing that up because you were the Faker stealing my handle. What's wrong?
Igy
You say that you have never argued against buy and hold while doing exactly that! Did you even read what you wrote?
Also, your positions are well documented here: high valuations, crash/recession looming, etc.
Take your opinion to the bank....
[quote]Ghost of Igloi wrote:
You are wrong. Learn yourself up.
Nope. Mutual funds are T + 1 as I already noted,
And you still have offered no reason why it should take 3 days to 'settle" a trade.
I have never had an equity mutual fund trade settle other than T +3. Hey if your firm settles T + 1 fine. Money market and government security mutual funds settle T +1, so know what you are talking about. You can settle same day on a stock or ETF trade if you enter the trade as a cash transaction. There will be fewer bids on an ask cash transaction. Three day settlement allows intermediaries to balance books and exchange securities to do so. There are proposals to move toward same day, which involves the DTCC clearing security registration faster.
Igy
Most mutual funds have some assets in cash which allows for quick settlements. Securities don't need to sold to immediately cover the necessary funding. If it's a particularly large exchange, a mutual fund can settle with a seller by giving them actual securities instead of cash.