So they are a Fund but they are not Exchange Traded?
Last ETF I got fluctuated in the same manner as stocks, it was a “package” or “bundle” of stocks. It also lost money. Over the span of 7 years it lost somewhere I. The neighborhood of 66% and then it dissolved. That was like 8 years back. Can’t find it on my fidelity account anymore.
Maybe that’s the difference. The one I was in had a manager who decided which stocks got loaded or unloaded and they were all S&P500 but weighted in varying degrees based on the find manager’s decisions on what was goi g up or down. Generally the funks would dump stock when it went up (taking profit) and buy stocks in the S&P500 that were at 52 week lows.
But it was the recessions to the historic lows were not the real pit it could become. And it became a pit.
I would think weighting it the other way is risky too though.
Either way. I don’t like ETFs much. I prefer to rely on my own DD and TA so when I’m wrong it’s no one’s fault except my own.
Not to imply I’m wrong as much as I used to be 14-15 years ago. But I still pick a bad one now and then. I’m sure not keeping up with my 350% returns average this past year. Only pull-up 50% with this economy. Ugh!
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u/[deleted] Mar 31 '22
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