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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: James A. Bohan who wrote (2749)1/11/1998 8:58:00 PM
From: Tim Bagwell  Respond to of 42834
 
James,

SPY can be traded in real time (any time during the trading day). They can also be shorted for those times (not now) that you are bearish on the market. You do pay commissions to trade SPY just as any stock.

An S&P500 fund only trades on its net asset value that is computed at the end of the trading day. Funds cannot be shorted. But many can be bought without a load and with expenses that are very low.

SPY mimics the S&P500 within a few percent or so but not exactly.



To: James A. Bohan who wrote (2749)1/11/1998 11:30:00 PM
From: Trebor  Read Replies (1) | Respond to of 42834
 
>Has anyone had any experience with Spiders (SPY)?<

The best thing about Spiders, IMO, is you can buy them any time during the day, just like a stock, as opposed to taking the closing price of a mutual fund. I bought SPY at BB's suggestion in April '97 and am glad I did. I plan to buy more if we see another market dip.