I'm wanting to put $$ into an S&P index fund and just keep adding to it as money comes along. They seem to have low turnover rates. Or would I be better off buying Spyders? No turnover rate there. Which would you buy? And Why? Pls reply to MsEvansInCA@att.net
SPDRs do have turnover rates and some do make capital gains distributions(MDY being a big one that every year has a CG distribution to pay out).Here's a link to an article comparing VTGIX, VFINX and SPY in terms of pre-tax and post-tax returns over the past few years:http://news.morningstar.com/news/Wire/0,1230,3236,00.html(If the link doesn't work, the article is called, "Can Exchange-traded Funds Relieve Your Tax Pain?" found in the ETF section on Morningstar.com.)JB
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