Also Strelna, I do not know anything about CEF’s but I thought there was a few things you need to be aware of to invest in them, could you explain the downside of CEF’s
Andy
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Captain,
Does it get cheaper by the letter?
Andy
Now $4.50 a trade but $50 for five letters! 60 cents per option contract with a minimum of $4.50. They have much better rates for volume traders but I don’t rank “trader” just "investor.’
Lightspeed Trading
Denny Schlesinger
The details of SMT can be found at https://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=….
The growths as of yesterday over 1, 3 and 5 years are 16%, 61.6% and 171.6%. However these are for transactions in pound sterling. The exchange rates for GBP today, 1, 3 and 5 yrs before are 1.26, 1.51, 1.64 and 1.57. Using these values the growth over 1, 3 and 5 yrs in USD works out to be
-3%, +24% and +118%. The corresponding figures for VGT as of 30 Nov are
+9.2%. +45% and +106%.
As the portfolios of the two stocks are quite similar, VGT or another ETF such as XLK or FDN may be a suitable alternative serving the same purpose as SMT but with less hassle.
Please check my computations before accepting the numbers above.
Cheers.
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