ETF ?

new2trading · #1 (**permalink**) 09-10-07, 09:46 PM

First I want to thank everyone for their help in my other thread. Now let me ask something that maybe a simple question. I use a discount broker and pay $7.95 per trade. If i buy a ETF and hold it for a month or so then sell it for a profit is there any other cost that i have to pay other than my $7.95 commisions? Thanks in advance

Stocktrading101 · #2 (**permalink**) 10-28-07, 03:48 AM

No other cost to pay besides the commission! ETFs are traded exactly like stocks

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MSheldar22 · #3 (**permalink**) 11-06-07, 01:33 AM

Quote:

Originally Posted by Stocktrading101

No other cost to pay besides the commission! ETFs are traded exactly like stocks

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Blain, I have heard that some ETFs do have manage fees per year. Is this true?

Also, do I pay that trade comission fee once when I buy and once when I sell just like a stock like you are saying or is it something different?

Appreciate the help.

aquaswim47 · #4 (**permalink**) 11-16-07, 03:08 PM

ETFs are a great way to invest particularly the broad-based type. Expense ratios on ETFs typically are very low, there usually is a small ECN charge (like a penny), and then you have the bid/ask spread.