Frequently Asked Questions:
What is an ETF/ETN?
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, similar to stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.
In short, an ETF is backed by the securities it holds, while an ETN is backed by the full faith and credit of its underwriter/bank. Most ETF/ETNs track an index, such as a stock index or bond index.
How often will you send a newsletter?
The ETF Junkie Newsletter will be sent out every other evening before the markets trade, which translates into Sunday, Tuesday, and Thursday. In particularly active markets, the newsletter will be sent out more frequently.
How often do you initiate trades?
The number of positions taken will vary depending on market conditions, but the newsletter will probably suggest between 50-70 positions a year. A little more than one per week.
Do you invest your own money?
Yes, I invest my own money in the ETFs that i suggest.
Why the donation request?
There are costs associated with the website, and the ultimate goal is to take the newsletter to a full subscription service. Those who donate more that $50 will be grandfathered in, and will receive the newsletter without cost for the first year of the subscription service.
How do you track your cost basis?
Included in each newsletter will be a breakdown of the open positions, including total cost. Positions are typically on/off and with no averaging down; however, on a occasion there are multiple entries, which will be listed separately.
Do you have ties to the securities you recommend?
I have no ties or financial arrangements with any fund company or brokerage firm. My recommendations are not influenced in any way by outside relationships.
Why ETFs and not stocks?
Trading ETFs on a short term basis are less likely to be affected by a news event, such as bad earnings, a lawsuit, or bird flu, than individual stocks.
What does GTC mean?
GTC means Good Til Cancel, which means the order stays live until it’s filled or canceled. Unlike a day order which, if unfilled by the end of the day, gets cancelled automatically.
Hold on, you said something a different in your newsletter a while back compared to the one today?
I’ll defer to The Dude on this one, “...look, man, I've got certain information, all right? Certain things have come to light. And, you know, has it ever occurred to you, that, instead of, uh, you know, running around, uh, uh, blaming me, you know, given the nature of all this new shit, you know, I-I-I-I... this could be a-a-a-a lot more, uh, uh, uh, uh, uh, uh, complex, I mean, it's not just, it might not be just such a simple... uh, you know?”
Are you an actual Junkie?
I’m high on life, most of the time.
What is an ETF/ETN?
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, similar to stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.
In short, an ETF is backed by the securities it holds, while an ETN is backed by the full faith and credit of its underwriter/bank. Most ETF/ETNs track an index, such as a stock index or bond index.
How often will you send a newsletter?
The ETF Junkie Newsletter will be sent out every other evening before the markets trade, which translates into Sunday, Tuesday, and Thursday. In particularly active markets, the newsletter will be sent out more frequently.
How often do you initiate trades?
The number of positions taken will vary depending on market conditions, but the newsletter will probably suggest between 50-70 positions a year. A little more than one per week.
Do you invest your own money?
Yes, I invest my own money in the ETFs that i suggest.
Why the donation request?
There are costs associated with the website, and the ultimate goal is to take the newsletter to a full subscription service. Those who donate more that $50 will be grandfathered in, and will receive the newsletter without cost for the first year of the subscription service.
How do you track your cost basis?
Included in each newsletter will be a breakdown of the open positions, including total cost. Positions are typically on/off and with no averaging down; however, on a occasion there are multiple entries, which will be listed separately.
Do you have ties to the securities you recommend?
I have no ties or financial arrangements with any fund company or brokerage firm. My recommendations are not influenced in any way by outside relationships.
Why ETFs and not stocks?
Trading ETFs on a short term basis are less likely to be affected by a news event, such as bad earnings, a lawsuit, or bird flu, than individual stocks.
What does GTC mean?
GTC means Good Til Cancel, which means the order stays live until it’s filled or canceled. Unlike a day order which, if unfilled by the end of the day, gets cancelled automatically.
Hold on, you said something a different in your newsletter a while back compared to the one today?
I’ll defer to The Dude on this one, “...look, man, I've got certain information, all right? Certain things have come to light. And, you know, has it ever occurred to you, that, instead of, uh, you know, running around, uh, uh, blaming me, you know, given the nature of all this new shit, you know, I-I-I-I... this could be a-a-a-a lot more, uh, uh, uh, uh, uh, uh, complex, I mean, it's not just, it might not be just such a simple... uh, you know?”
Are you an actual Junkie?
I’m high on life, most of the time.
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