Mutual Fund vs. ETF

Discussion in 'ETFs' started by Landonfisher, Dec 24, 2017.

  1. DeltaRisk



    Also, If you find it..... you owe me $2,000.00. But, I’ll take a JW blue and a few nights in NYC.
    #11     Dec 25, 2017
  2. Robert Morse

    Robert Morse Sponsor

    I assume to implement this arb you have to be a broker dealer since that restriction is for BDs not customers.
    #12     Dec 25, 2017
  3. DeltaRisk


    Not exactly, a professional customer can also use it. Clearly, you’re going to have to be registered, licensed, and with a firm that has access to haircut margin, not PM.

    But, if you can’t do that..... why are you trading in the first place?

    I’ve always said retail doesn’t make money, they give it away.
    #13     Dec 25, 2017
  4. Gambit


    What pro firms are left standing? Only Bright trading right?
    #14     Dec 25, 2017
  5. DeltaRisk


    I believe Kershner Trading in Austin, Tx.

    Chimera securities, I haven’t recently spoke with but they might help.

    First NY securities, first choice if you can qualify and get ahold of them.

    I have others but I don’t know anyone who works there so I really couldn’t help.

    I don’t trade with any of the above so I can’t really give advice on it, but it is the RBH you are after, not the leverage.
    If you don’t know the difference, you are not ready to trade.

    I trade through a prop B/D. It does not take any customers, we deal only in our interests.
    #15     Dec 25, 2017
  6. Gambit


    Well I'm out of my depth here. If you don't mind, can you explain what RBH is?
    #16     Dec 25, 2017
  7. Robert Morse

    Robert Morse Sponsor

    Risk based haircut. For customers there is PM but not all securities are PM eligible and not all baskets are provided offsets.

    None of this has anything to do with the question asked.
    #17     Dec 25, 2017
  8. Gambit


    Got it.
    #18     Dec 25, 2017
  9. DeltaRisk


    I’d start my own thread, but I’d rather just PM.
    Excuse my input.
    #19     Dec 25, 2017
  10. projomni


    I'd go with ETFs. You can choose 0-cost brokerage, so you don't have to pay trading fees. If you invest with Vanguard, they can do automatic capital gains and dividend re-investments for you. Big advantages of ETFs are: 1. cost and 2. tax efficiency. Even some basic mutual funds can be very expensive (e.g., compare VGTSX to VXUS).
    #20     Dec 27, 2017