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Are there any mutual funds that track the “Dow Jones U.S. Select Investment Services index”?
I know there is an exchange traded fund (ticker symbol “IAI”), but I’m looking for a mutual fund that tracks this index. Thanks.
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Not that I am aware of.
The more interesting question is why are you interested in such a fund?
Hopefully you have heeded the Wall street axiom of “no more than 5%” and never invest what you can’t afford to lose. There are folks on the Street who specialize in niches; I’m guessing if you have to ask here, then you’re not one of them. Then, my advice is to retreat at full speed.
Mutual Fund Investing should be part of an overall comprehensive strategy. If you’re buy’em’n’holdem, then you really don’t want to be so narrowly focused. If you’re a timer, then you really want the ETFs. (Remember these things are not created for your benefit.)
If you’re looking for a mutual fund because you can’t make the minimum buy in an ETF (which for the one you cited will probably be 6k) or if you can’t meet the broker’s “suitability” obligation, then you shouldn’t be in this space to start with. Then, you might be “gambling” as opposed to “investing”.
I’d be interested if anyone these apply.
If they do, you’d be better off in a stodgy Vanguard Mutual Fund, or a casino. At least, at the casino, you’d get a free drink. Maybe at Vanguard as well. Coffee that is.
Now where is my guaranteed insured variable index life insurance annuity with joint survivor option and guaranteed return? (Bad joke about another hugely bad idea that gets pushed on small investors for “retirement”. Who’s retirement? The broker’s of course.)
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Reinke Faces Life 