Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: im a survivor who wrote (16313)	4/28/2003 5:13:23 PM
From: atticus4paws	Read Replies (1) of 16631

KG4, What worries me is this from ETrade: And when you want to re-balance or adjust your portfolio, you'll pay a flat $9.99 commission for each stock you sell in your Stock Basket account. It appears that the only downside is that you have a commission whenever you sell times the # of stocks you're selling. If that's not the case, I'm definitely signing up for this and creating baskets of singletons (or more) and saving mucho commissions every year. If you want to be efficient, I would remove every 1 of a highly correlated pair of stocks. If you're going for diversification, what about ETFs? Too much diversity? I know some of them are thinly traded, but you'd have to be doing serious money for that to matter. I think this basket idea is certainly compelling though. You can eliminate the dross from each sector you want to go into (even though you don't have them divided by sector). If you were a long term investor who piles money into various dividend paying stocks every month, you can save yourself some commission costs too. I'm sure you know all of this already though. Good luck.

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