Fuzzymath, thanks for your excellent response; I appreciate it. Looks like you made a good move into the DOW today.
You're in an index fund. Is it no-load? Do they charge you if you trade in and out? If not, my methods would work with any portfolio value.
I have access to one DOW index fund, which I would trade through my discount broker. It's a no-load fund, no switching fees and no commissions; however, some restrictions apply:
1. If I switched completely out of the fund, they will not let me buy it back for 90 days. To get around that issue, I could leave a small amount ($1,000) in the fund at all times; this amount would always be exposed, and hopefully over time, it would represent profit rather than original capital.
2. They also have rules limiting the number of switches (2 per year); however, they don't seem to enforce the rules too strictly.
3. Since it's a short-term method, I'll have to check to see if I could switch before the settlement date of the initial transaction, i.e., within about 4 days.
I'm starting a free subscription service.
I am interested; how do I register?
BTW, I have access to a few S&P500 index funds compared to just one DOW index fund. Do you know of any reliable signals for trading the S&P500?
For the NASDAQ, AIM, with the IW for guidance, makes good sense to me.
Regards, Jack |
