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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: vampire who wrote (408)10/14/2001 4:13:59 AM
From: stevenallen  Read Replies (1) of 99280
 
Perhaps your friend should try using QQQ to jump in and out of the market - that way he won't be limited to end of day price and he'll also have full visibility. SPY and Sector Spiders with good volume could work as well, but stay away from the little stuff for liquidity reasons. With an on-line discount broker the cost of trading shouldn't be too bad on a percentage basis, unless he's playing really small positions. If the positions are indeed that modest, he should consider TIAA-CREF mutual funds - very low expense ratios and they'll let you trade in and out of each fund three roundtrips per month. They don't have a large assortment of funds but enough to make it possible to trade at least every few days. With that being said, I wouldn't advise your friend to do any of this unless they have extensive experience and a great source of information that will allow them to time the market successfully. Many have tried, amateur and pro alike, and have been quickly humbled!
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