Letters to the Editor
To the Editors:
I believe John Markese missed the boat on exchange-traded funds ETFs for investors like me who are switching, over time, from mutual funds to ETFs [“Face-Off: Mutual Funds vs. ETFs, June 2007 AAII Journal].
The beginning and end of it for me is that ETFs have no trading restrictions.
I once had to close out all my funds from a big name family because their trading restrictions would have forced me to remain in a money-losing situation.
I’m a momentum player. I follow Dick Fabian’s original “Telephone Switch Newsletter” rules and have done quite well over the years. Occasionally, one is caught in a whipsaw and you have to get out fast. With mutual fund trading restrictions that’s a risk I’m not willing to take and a risk I don’t have with ETFs.
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