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It seems to me that Spyders are a better bet than index funds. Let's say for instance I have $100,000 in an IRA that I want to leave alone for 10 years. If I put it in an index fund they will take out 0.5% per year for administration, etc. That's $500 for the the first year and it would (one hopes) grow over time. That's $5000 to maybe $10,000 out of the account in 10 years.

If I put the money in Spyders with a discount broker I pay $15 ONE TIME. That should amount to a fair difference in 10 years. Then another $15 to take it out.

Am I missing something? If not, I think Spyders could cut into index funds business substantially.


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